2014 New Hampshire Revised Statutes
Section 564-B:7-706 - Removal of Trustee.

NH Rev Stat § 564-B:7-706 (2014) What's This?

    564-B:7-706 Removal of Trustee. –
       (a) The settlor, a cotrustee, or a beneficiary may request the court to remove a trustee, or a trustee may be removed by the court on its own initiative.
       (b) In addition to the power to remove a trustee pursuant to RSA 564:9, the court may remove a trustee if:
          (1) the trustee has committed a serious breach of trust;
          (2) lack of cooperation among cotrustees substantially impairs the administration of the trust;
          (3) because of unfitness, unwillingness, persistent failure of the trustee to administer the trust effectively, the court determines that removal of the trustee best serves the interests of the beneficiaries; or
          (4) there has been a substantial change of circumstances or removal is requested by all of the qualified beneficiaries, the court finds that removal of the trustee best serves the interests of all of the beneficiaries and is not inconsistent with a material purpose of the trust, and a suitable cotrustee or successor trustee is available.
       (c) Pending a final decision on a request to remove a trustee, or in lieu of or in addition to removing a trustee, the court may order such appropriate relief under RSA 564-B:10-1001(b) as may be necessary to protect the trust property or the interests of the beneficiaries.

Source. 2004, 130:1, eff. Oct. 1, 2004.

Disclaimer: These codes may not be the most recent version. New Hampshire may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.