§560:7-305 Trustee's duties; appropriate place of administration; deviation. A trustee is under a continuing duty to administer the trust at a place appropriate to the purposes of the trust and to its sound, efficient management. If the principal place of administration becomes inappropriate the court may for good cause enter any order furthering efficient administration and the interests of beneficiaries, including, if appropriate, release of registration, removal of the trustee, designation of administration in another state, and appointment of a trustee in another state. Trust provisions relating to the place of administration and to changes in the place of administration or of trustee control unless compliance would be contrary to efficient administration or the purposes of the trust. Views of adult beneficiaries shall be given weight pursuant to section 554-2, in determining the suitability of the trustee and the place of administration. [L 1976, c 200, pt of §1]
Section: Previous 560-7-204 560-7-205 560-7-206 560-7-301 560-7-302 560-7-303 560-7-304 560-7-305 560-7-306 560-7-307 560-7-401 560-7-501 560-8-101 560-8-102 560-8-201 NextLast modified: October 27, 2016