3B:31-69. General Powers of Trustee.
 
   a.   Except as limited by section 1 of P.L.1996, c.41 (C.3B:11-4.1) and other express statutory restrictions, 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:
 
   (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 this act and by Title 3B of the New Jersey Statutes.
 
   b.   The exercise of a power is subject to the fiduciary duties prescribed by this act and by Title 3B of the New Jersey Statutes.
 
   L.2015, c.276, s.1.