Termination of trusteeship

Termination of trusteeship,

Definition of Termination of trusteeship:

  1. A trustee may retire or be removed from office (1) if expressly allowed in the trust document, (2) as allowed in the relevant statute, (3) by the order of a court. Trusteeship terminates on death and the office devolves to the surviving trustees. If there is no surviving trustee, office devolves to the deceased trustees personal representative.

Meaning of Termination of trusteeship & Termination of trusteeship Definition