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§ 7765. Resignation of trustee; filing resignation

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and FiduciariesEffective: January 1, 2017

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 20 Pa.C.S.A. Decedents, Estates and Fiduciaries (Refs & Annos)
Chapter 77. Trusts (Refs & Annos)
Subchapter G. Office of Trustee
Effective: January 1, 2017
20 Pa.C.S.A. § 7765
§ 7765. Resignation of trustee; filing resignation
(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.

Credits

2006, July 7, P.L. 625, No. 98, § 9, effective in 120 days [Nov. 6, 2006]. Amended 2016, July 8, P.L. 497, No. 79, § 15, effective Jan. 1, 2017.
20 Pa.C.S.A. § 7765, PA ST 20 Pa.C.S.A. § 7765
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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