55-3-17. Discharge of trustee--Grounds.
81 words·~1 min read·
/sd/title-55/chapter-55-3/55-3-17A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A trustee can be discharged from his trust only as follows:
(1)By the extinction of the trust;
(2)By the completion of his duties under the trust;
(3)By such means as may be prescribed by the declaration of trust;
(4)By the consent of the beneficiary, if he has capacity to contract;
(5)By the judgment of a competent tribunal in a direct proceeding for that purpose that he is of unsound mind; or
(6)By the circuit court.