RESIGNATION OF TRUSTEE
Known as the Texas Trust Code
The act spans §§ 111–116 (165 sections).
Applied in 1 court decision — leading case Gamboa v. Gamboa (2012)
Most recently applied in Gamboa v. Gamboa (August 2012)
Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff
(a) A trustee may resign in accordance with the terms of the trust instrument, or a trustee may petition a court for permission to resign as trustee.
(b) The court may accept a trustee's resignation and discharge the trustee from the trust on the terms and conditions necessary to protect the rights of other interested persons.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.