2013 New York Consolidated Laws
EPT - Estates, Powers & Trusts
Article 7 - TRUSTS
Part 2 - (7-2.1 - 7-2.8) RULES GOVERNING TRUSTEES
7-2.6 - Resignation, suspension or removal of trustee


NY Est Pow & Trusts L § 7-2.6 (2012) What's This?
 
  § 7-2.6 Resignation, suspension or removal of trustee
    (a)  Subject  to the relevant provisions of the civil practice law and
  rules, the supreme court has power:
    (1) On the application of a trustee, to accept his resignation and  to
  discharge him on such terms as it deems proper.
    (2)  On  the application of any person interested in the trust estate,
  to suspend or remove a trustee who has violated or threatens to  violate
  his  trust,  who  is  insolvent  or  whose  insolvency  is  imminent  or
  apprehended or who for any reason is a person unsuitable to execute  the
  trust.
    (3)  In  case of the resignation or removal of a trustee, to appoint a
  successor trustee and, if there is no acting trustee, to cause the trust
  to be executed by a receiver or other officer under its direction.  This
  section does not apply to a trust arising or resulting by implication of
  law, nor where other provision is  made  by  law  for  the  resignation,
  suspension  or  removal  of  a trustee or the appointment of a successor
  trustee.

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