Florida Statutes Part VII - Office Of Trustee (Ss. 736.0701-736.0709)
- 736.0701 - Accepting Or Declining Trusteeship.
(1) Except as otherwise provided in subsection (3), a person designated as trustee accepts the trusteeship:(a) By substantially complying with a method of acceptance provided in the...
- 736.0702 - Trustee’s Bond.
(1) A trustee shall give bond to secure performance of the trustee’s duties only if the court finds that a bond is needed to protect the...
- 736.0703 - Cotrustees.
(1) Cotrustees who are unable to reach a unanimous decision may act by majority decision.(2) If a vacancy occurs in a cotrusteeship, the remaining cotrustees or a...
- 736.0704 - Vacancy In Trusteeship; Appointment Of Successor.
(1) A vacancy in a trusteeship occurs if:(a) A person designated as trustee declines the trusteeship;(b) A person designated as trustee cannot be identified or does not exist;(c) A...
- 736.0705 - Resignation Of Trustee.
(1) A trustee may resign:(a) Upon at least 30 days’ notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or(b) With the approval of the...
- 736.0706 - Removal Of Trustee.
(1) The settlor, a cotrustee, or a beneficiary may request the court to remove a trustee, or a trustee may be removed by the court on...
- 736.0707 - Delivery Of Property By Former Trustee.
(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...
- 736.0708 - Compensation Of Trustee.
(1) If the terms of a trust do not specify the trustee’s compensation, a trustee is entitled to compensation that is reasonable under the circumstances.(2) If the...
- 736.0709 - Reimbursement Of Expenses.
(1) A trustee is entitled to be reimbursed out of the trust property, with interest as appropriate, for reasonable expenses that were properly incurred in the...
Last modified: September 23, 2016