Connecticut § 45a-499uu Vacancy in trusteeship; appointment of successor.

Connecticut Statutes

§ 45a-499uu — Vacancy in trusteeship; appointment of successor.

Connecticut·Title 45a Probate Courts and Procedure·Ch. 802c Trusts

(a)A vacancy in a trusteeship occurs if:

(1)A person designated as trustee rejects the trusteeship;

(2)a person designated as trustee cannot be identified or does not exist;

(3)a trustee resigns;

(4)a trustee is disqualified or removed;

(5)a trustee dies; or (6) a conservator is appointed for an individual serving as trustee.

(b)If one or more cotrustees remain in office, a vacancy in a trusteeship of a noncharitable trust need not be filled, unless otherwise required by the terms of the trust. A vacancy in a trusteeship shall be filled if the trust has no remaining trustee. A vacancy in a trusteeship of a charitable trust shall be filled, unless otherwise excused by the terms of the trust.

(c)A vacancy in a trusteeship required to be filled shall be filled in the following order o

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A vacancy in a trusteeship occurs if: (1) A person designated as trustee rejects the trusteeship; (2) a person designated as trustee cannot be identified or does not exist; (3) a trustee resigns; (4) a trustee is disqualified or removed; (5) a trustee dies; or (6) a conservator is appointed for an individual serving as trustee. (b) If one or more cotrustees remain in office, a vacancy in a trusteeship of a noncharitable trust need not be filled, unless otherwise required by the terms of the trust. A vacancy in a trusteeship shall be filled if the trust has no remaining trustee. A vacancy in a trusteeship of a charitable trust shall be filled, unless otherwise excused by the terms of the trust. (c) A vacancy in a trusteeship required to be filled shall be filled in the following order of priority: (1) By a person designated in the terms of the trust to act as successor trustee or appointed according to a procedure specified in the terms and, in the case of a testamentary trust, appointed by the Probate Court; (2) in the case of a noncharitable, inter vivos trust, by a person appointed by unanimous agreement of the qualified beneficiaries; or (3) by a person appointed by the court. (d) Whether or not a vacancy in a trusteeship exists or is required to be filled, the court may appoint an additional trustee or special fiduciary whenever the court considers the appointment necessary for the administration of the trust.

Connecticut § 45a-499uu (Vacancy in trusteeship; appointment of successor.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.