§ 14.5-815

Statutes in effect as of October 1, 2026.

Md. Code Ann., Est. & Trusts § 14.5-815 (2026)

Title 14.5. Maryland Trust Act

Subtitle 8. Duties and Powers of Trustee

(a)

A trustee, without authorization by the court, may exercise:

(1)

Powers conferred by the terms of the trust; or

(2)

Except as limited by the terms of the trust:

(i)

All powers over the trust property that an unmarried competent owner has over individually owned property;

(ii)

Other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and

(iii)

Other powers conferred by this title or Title 15, Subtitle 6 of this article.

(b)

The exercise of a power described in subsection (a) of this section is subject to the fiduciary duties prescribed by this title.