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§ 9-102. Renunciation or resignation of trustee

West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2019

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 9. Special Provisions Relating to Distribution (Refs & Annos)
Subtitle 1. General (Refs & Annos)
Effective: October 1, 2019
MD Code, Estates and Trusts, § 9-102
§ 9-102. Renunciation or resignation of trustee
Currentness
Statement of renunciation filed with register
(a) A trustee appointed by will to execute a trust contained in it may decline to accept the appointment by filing a statement of renunciation with the register of the county in which the will is admitted to probate before the trustee receives property or performs an act pursuant to the trust.
Effect of renunciation of trustee
(b)(1) Unless the will provides otherwise, the trust shall thereafter be administered as if the trustee had not been appointed.
(2) The renunciation may not be construed to release or impair the right of the person to a legacy under the will by which the person was appointed trustee, unless the legacy is expressly declared in the will to be compensation for the person's services as trustee.
Construction with Maryland Rules
(c) Unless the will provides otherwise, in all cases not provided for in this section, a trustee may renounce or resign the trustee's trust only in accordance with the Maryland Rules.

Credits

Added by Acts 1974, c. 11, § 2, eff. July 1, 1974. Amended by Acts 2019, c. 197, § 1, eff. Oct. 1, 2019.
Formerly Art. 93, § 9-102.
MD Code, Estates and Trusts, § 9-102, MD EST & TRST § 9-102
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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