Illinois General Assembly - Illinois Compiled Statutes

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760 ILCS 3/815

(760 ILCS 3/815)

Sec. 815. General powers of trustee.

(a)  A trustee, without authorization by the court, may exercise:

(1)  powers conferred by the trust instrument; or

(2) except as limited by the trust instrument:
(A) all powers over the trust property that an

unmarried owner with legal capacity has over individually owned property;

(B) any other powers appropriate to achieve the

proper investment, management, and distribution of the trust property; and

(C)  any other powers conferred by this Code.

(b)  The exercise of a power is subject to the fiduciary duties prescribed by this Code.

(Source: P.A. 101-48, eff. 1-1-20.)