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Pennsylvania Statutes Title 20 Pa.C.S.A. Decedents, Estates and Fiduciaries § 7765. Resignation of trustee; filing resignation

Current as of January 01, 2022 | Updated by FindLaw Staff

(a) Deleted by 2016, July 8, P.L. 497, No. 79, § 15, effective Jan. 1, 2017.

(a.1) General rule.--A trustee may resign:

(1) with court approval;

(2) without court approval if authorized to resign by the trust instrument; or

(3) pursuant to a nonjudicial settlement agreement described in section 7710.1 (relating to nonjudicial settlement agreements--UTC 111).

(b), (c) Deleted by 2016, July 8, P.L. 497, No. 79, § 15, effective Jan. 1, 2017.

(d) Liability.--The resignation of a trustee shall not by itself relieve the resigning trustee of liability in connection with the administration of the trust.

(e) Filing resignation.--A resignation of a trustee may be filed with the clerk of the court having jurisdiction over the trust.

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Cite this article: FindLaw.com - Pennsylvania Statutes Title 20 Pa.C.S.A. Decedents, Estates and Fiduciaries § 7765. Resignation of trustee; filing resignation - last updated January 01, 2022 | https://codes.findlaw.com/pa/title-20-pacsa-decedents-estates-and-fiduciaries/pa-csa-sect-20-7765/

Read this complete Pennsylvania Statutes Title 20 Pa.C.S.A. Decedents, Estates and Fiduciaries § 7765. Resignation of trustee; filing resignation on Westlaw

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