SB 0304 Permits removal of a trustee upon petition of the settlor, co-trustee or any beneficiary
LR Number:1141L.03C Fiscal Note:1141-03
Last Action:05/18/01 - In Conference Journal page:
Title:HCS SB 304
Effective Date:August 28, 2001
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Current Bill Summary

HCS/SB 304 - This act allows settlors, co-trustees or beneficiaries of a trust to petition for removal of a successor corporate trustee. The court may suspend, restrict or remove such a trustee upon certain findings. The court shall appoint a successor if the trustee is removed. The trust shall pay the trustee's attorney fees if the trustee is not removed by the court.