P.R. Laws tit. 32, § 3352l
2019-02-20 00:00:00+00
The trustor may designate one or more successor trustees in the trust instrument in the event of unwillingness to act of the person so designated or removal of the trustee for any reason. The trustor may delegate the designation of a successor trustee himself or to a third party.
If the trust instrument fails to set forth the manner in which a vacancy shall be filled, the successor trustee shall be designated by the court.
In modifiable trusts, the trustor, or the person so authorized by the trustor, may replace the trustee or designate new trustees at any time following the same formalities with which the trust instrument was executed.
History —Aug. 31, 2012, No. 219, § 19.