When a vacancy has occurred in the office of trustee, the former trustee who holds property of the trust shall deliver the trust property to the successor trustee or a person appointed by the court to receive the property and remains responsible for the trust property until it is delivered. A trustee who has resigned or is removed has the powers reasonably necessary under the circumstances to preserve the trust property until it is delivered to the successor trustee and to perform actions necessary to complete the resigning or removed trustee’s administration of the trust.
Cal. Prob. Code § 15644
Resignation and Removal of Trustees
Known as the Trust Law
The act spans §§ 15000–19403 (351 sections).
Applied in 1 court decision — leading case Fiduciary Trust International of California v. Klein (2017)
Most recently applied in Fiduciary Trust International of California v. Klein (March 2017)
Enacted by Stats. 1990, Ch. 79.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.