Nebraska Statutes 30-3880. (UTC 815) General powers of trustee
(UTC 815) (a) A trustee, without authorization by the court, may exercise:
Terms Used In Nebraska Statutes 30-3880
- Fiduciary: A trustee, executor, or administrator.
- Trustee: A person or institution holding and administering property in trust.
(1) powers conferred by the terms of the trust; and
(2) except as limited by the terms of the trust:
(A) all powers over the trust property which an unmarried competent owner 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 the Nebraska Uniform Trust Code.
(b) The exercise of a power is subject to the fiduciary duties prescribed by sections 30-3866 to 30-3882.
(c) The changes made to this section by Laws 2019, LB593, shall apply retroactively to August 30, 2015.