New York Consolidated Laws, Estates, Powers and Trusts Law - EPT § 7-2.6 Resignation, suspension or removal of trustee
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(a) Subject to the relevant provisions of the civil practice law and rules, the supreme court has power:
(1) On the application of a trustee, to accept his resignation and to discharge him on such terms as it deems proper.
(2) On the application of any person interested in the trust estate, to suspend or remove a trustee who has violated or threatens to violate his trust, who is insolvent or whose insolvency is imminent or apprehended or who for any reason is a person unsuitable to execute the trust.
(3) In case of the resignation or removal of a trustee, to appoint a successor trustee and, if there is no acting trustee, to cause the trust to be executed by a receiver or other officer under its direction. This section does not apply to a trust arising or resulting by implication of law, nor where other provision is made by law for the resignation, suspension or removal of a trustee or the appointment of a successor trustee.
Cite this article: FindLaw.com - New York Consolidated Laws, Estates, Powers and Trusts Law - EPT § 7-2.6 Resignation, suspension or removal of trustee - last updated January 01, 2021 | https://codes.findlaw.com/ny/estates-powers-and-trusts-law/ept-sect-7-2-6.html
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