Tennessee § 35-15-714 Directed trusts - Resignation of fiduciary

Tennessee Statutes

§ 35-15-714 — Directed trusts - Resignation of fiduciary

(a)A trust advisor, trust protector or other fiduciary other than a cotrustee, such cotrustee's resignation already being provided for in § 35-15-705 , may resign its appointment as such respective fiduciary in a like manner as provided for a trustee under § 35-15-705 .

(b)When exercising its powers under this section relative to resignation, the court shall consider the powers, duties and liabilities relative to such respective fiduciaries other than a cotrustee and whether any of such respective fiduciaries are excluded fiduciaries.

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(a) A trust advisor, trust protector or other fiduciary other than a cotrustee, such cotrustee's resignation already being provided for in § 35-15-705 , may resign its appointment as such respective fiduciary in a like manner as provided for a trustee under § 35-15-705 . (b) When exercising its powers under this section relative to resignation, the court shall consider the powers, duties and liabilities relative to such respective fiduciaries other than a cotrustee and whether any of such respective fiduciaries are excluded fiduciaries.

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