CODE OF VIRGINIA

GENERAL POWERS OF TRUSTEE (§ 64.2-777)

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

   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 that 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 this chapter.

B. The exercise of a power is subject to the fiduciary duties prescribed by this
article.

C. Any reference in a trust instrument incorporating the powers authorized under
§ 64.2-105 shall not be construed to limit powers a trustee may exercise
pursuant to this section, unless the settlor expressly states in the trust
instrument that such reference should be so construed.

HISTORY: 2005, c. 935, § 55-548.15; 2012, c. 614.