§ 91-8-714. Directed trusts; resignation of fiduciary

MS Code § 91-8-714 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a) A trust advisor, trust protector, or other fiduciary other than a cotrustee, a cotrustee’s resignation already being provided for in Section 91-8-705, may resign its appointment as the respective fiduciary in a like manner as provided for a trustee under Section 91-8-705.

(b) When exercising its powers under this section relative to resignation, the court shall consider the powers, duties, and liabilities relative to the respective fiduciaries other than a cotrustee and whether any of the respective fiduciaries are excluded fiduciaries.