Mass. General Laws c.190B § 7-503

Resignation or removal of trustee; appointment to fill vacancy

Table of Contents

This is an unofficial version of a Massachusetts General Law.

Section 7-503

A trustee may resign by an instrument in writing delivered to the transferor or to the transferor's guardian or conservator, if any. A trustee may be removed by the transferor by an instrument in writing delivered to such trustee. If there is more than one person serving as trustee, a vacancy need not be filled, and until a successor is appointed the remaining trustee or trustees may act alone. In the event of a vacancy a successor may be appointed by the transferor, if legally competent, or as the transferor shall have provided by a written instrument, and otherwise by the transferor's guardian or conservator, if any, and if none, by the transferor's heirs presumptive, and such appointment shall become effective upon acceptance.

Contact   for Mass. General Laws c.190B § 7-503

Help Us Improve Mass.gov  with your feedback

Please do not include personal or contact information.
Feedback