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CHAPTER 55-1A

TRUSTEES' POWERS

55-1A-1      Powers enumerated in chapter apply to any trust unless specifically excluded--Powers as additional to common law powers.
55-1A-2      Trustee defined.
55-1A-3, 55-1A-4. Repealed.
55-1A-4.1      Repealed.
55-1A-5      Retention of trust property by trustee.
55-1A-6      Additions to trust assets.
55-1A-7      Operation of business by trustee.
55-1A-8      Acquisition of undivided interest in trust asset.
55-1A-9      Investment of trust assets.
55-1A-9.1      Affiliated investments.
55-1A-10      Deposit of trust funds in bank.
55-1A-11      Disposal of trust assets.
55-1A-12      Grant or taking of option for disposition of assets.
55-1A-13      Leases by trustees.
55-1A-14      Repairs by trustee--Removal or demolition.
55-1A-15      Razing or erection of party walls or buildings.
55-1A-16      Land development or dedication--Valuation adjustments.
55-1A-17      Mineral and natural resource leases and explorations.
55-1A-18      Insurance.
55-1A-19      Voting stock or securities--Voting trust agreements.
55-1A-20      Payment of calls, assessments, and other sums charged against corporate securities.
55-1A-21      Corporate powers--Stocks--Reorganizations and mergers--Sales and leases.
55-1A-22      Holding stock in nominee's name without disclosing fiduciary relationship.
55-1A-23      Borrowing money against trust assets.
55-1A-24      Contracts binding upon trust.
55-1A-25      Claims in favor of or against trust or trustee.
55-1A-26      Release of claim or lien.
55-1A-27      Payment of trust administration expenses.
55-1A-28      Creation of reserves.
55-1A-29      Payment of sum distributable to minor or other beneficiary under legal disability--Methods.
55-1A-30      Distribution of property and money.
55-1A-31      Employment of agents and assistants .
55-1A-32      Prosecution or defense of actions and proceedings.
55-1A-32.1      Trustee immunity from liability for failure to prosecute, defend, or continue to defend.
55-1A-33      Advance of income or loan to beneficiary--Lien.
55-1A-34      Advance of money for protection of trust--Lien.
55-1A-35      Execution and delivery of instruments.
55-1A-36      Holding of two or more trusts with undivided interests.
55-1A-37      Citation of chapter.
55-1A-38      Trustee may perform necessary and appropriate acts.
55-1A-39      Disclaimer of powers by trustee--Time limit .
55-1A-40      Trust name change.
55-1A-41      Co-trustee appointment--Powers.


Back to Title 55