(a) 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.
(b) 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 it. A former trustee shall execute those documents acknowledging the transfer of title to trust property as may be reasonably requested by the cotrustee, successor trustee, or other person entitled to it to facilitate administration of the trust, and in the event that the former trustee fails to do so, the clerk of superior court may order the former trustee to execute those documents. (2005-192, s. 2; 2012-18, s. 3.5.)
Sections: Previous 36C-6-607 36C-7-701 36C-7-702 36C-7-703 36C-7-704 36C-7-705 36C-7-706 36C-7-707 36C-7-708 36C-7-709 36C-8-801 36C-8-802 36C-8-803 36C-8-804 36C-8-805 Next
Last modified: March 23, 2014