(1) A vacancy in a trusteeship occurs if: a person designated as trustee rejects the trusteeship;
(2) a person designated as trustee cannot be identified or does not exist;
(3) a trustee resigns;
(4) a trustee is disqualified or removed;
(5) a trustee dies; or
(6) a guardian of the person or conservator is appointed for an individual serving as trustee.
(7) If one (1) or more cotrustees remain in office, a vacancy in a trusteeship need not be filled. A vacancy in a trusteeship must be filled if the trust has no remaining trustee.
(8) A vacancy in a trusteeship of a noncharitable trust that is required to be filled must be filled in the following order of priority: by a person designated in the terms of the trust to act as successor trustee;
(9) by a person appointed by unanimous agreement of the qualified beneficiaries; or
(10) by a person appointed by a court.
(11) A vacancy in a trusteeship of a charitable trust that is required to be filled must be filled in the following order of priority: by a person designated in the terms of the trust to act as successor trustee;
(12) by a person selected by the charitable organizations expressly designated to receive distributions under the terms of the trust if the Attorney General concurs in the selection; or
(13) by a person appointed by a court.
(14) Whether or not a vacancy in a trusteeship exists or is required to be filled, a court may appoint an additional trustee or special fiduciary whenever the court considers the appointment necessary for the administration of the trust.