N.Y. Estates, Powers & Trusts Law Section 7-2.6
Resignation, suspension or removal of trustee

§ 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.

Source: Section 7-2.6 — Resignation, suspension or removal of trustee, https://www.­nysenate.­gov/legislation/laws/EPT/7-2.­6 (updated Sep. 22, 2014; accessed Apr. 20, 2024).

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Accessed:
Apr. 20, 2024

Last modified:
Sep. 22, 2014

§ 7-2.6’s source at nysenate​.gov

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