ARTICLE 3. Resignation and Removal of Trustees [15640. - 15645.]

Article 3 enacted by Stats. 1990, Ch. 79.

§§ 15640–15645 · 6 sections

• § 15640 A trustee who has accepted the trust may resign only by one of the following methods: (a) As provided in the trust instrument. (b) In the case of a revocable…
• § 15641 The liability for acts or omissions of a resigning trustee or of the sureties on the trustee’s bond, if any, is not released or affected in any manner by the…
• § 15642 (a) A trustee may be removed in accordance with the trust instrument, by the court on its own motion, or on petition of a settlor, cotrustee, or beneficiary…
• § 15643 There is a vacancy in the office of trustee in any of the following circumstances: (a) The person named as trustee rejects the trust. (b) The person named as…
• § 15644 When a vacancy has occurred in the office of trustee, the former trustee who holds property of the trust shall deliver the trust property to the successor…
• § 15645 If the trustee of a trust that is not revocable has refused to transfer administration of the trust to a successor trust company on request of the…