Current as of January 01, 2020 | Updated by FindLaw Staff
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1. Unless a cotrustee remains in office or the court otherwise orders, and until the trust property is delivered to a successor trustee or other person entitled to it, a trustee who has resigned or been removed has the duties of a trustee and the powers necessary to protect the trust property.
2. A trustee who has resigned or been removed shall proceed expeditiously to deliver the trust property within the trustee's possession to the cotrustee, successor trustee, or other person entitled to the property.
3. Title to all trust property must be owned by and vested in any successor trustee without any conveyance, transfer, or assignment by the prior trustee.
Cite this article: FindLaw.com - North Dakota Century Code Title 59. Trusts § 59-15-07. Delivery of property by former trustee - last updated January 01, 2020 | https://codes.findlaw.com/nd/title-59-trusts/nd-cent-code-sect-59-15-07.html
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