20 Pa. C.S. § 7765

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 7765 - Resignation of trustee; filing resignation
(a)[Repealed by 2016 Amendment.]
(a.1)General rule.--A trustee may resign:
(1) with court approval;
(2) without court approval if authorized to resign by the terms of the trust ; or
(3) pursuant to a nonjudicial settlement agreement described in section 7710.1 (relating to nonjudicial settlement agreements - UTC 111).
(b) [Repealed by 2016 Amendment.]
(c) [Repealed by 2016 Amendment.]
(d) Liability.--The resignation of a trustee shall not by itself relieve the resigning trustee of liability in connection with the administration of the trust.
(e) Filing resignation.--A resignation of a trustee may be filed with the clerk of the court having jurisdiction over the trust.

20 Pa.C.S. § 7765

Amended by P.L. (number not assigned at time of publication) 2024 No. 64,§ 4, eff. 10/14/2024.
Amended by P.L. TBD 2016 No. 79, § 15, eff. 1/1/2017.
2006, July 7, P.L. 625, No. 98, § 9, effective in 120 days [Nov. 6, 2006].