Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/19-3B-706.htm |
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Depth: | 0 singles |
Size: | 1,645 bytes |
Modified: | 2008-03-24 09:54:52 |
Categories: | -None- |
Title: | 19-3B-706 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 19-3B-706 Removal of trustee. (a) The settlor, a co-trustee, or a beneficiary may request the court to remove a trustee, or a trustee may be removed by the court on its own initiative. (b) The court may remove a trustee if: (1) the trustee has committed a serious breach of trust; (2) lack of cooperation among co-trustees substantially impairs the administration of the trust; (3) because of unfitness, unwillingness, or persistent failure of the trustee to administer the trust effectively, the court determines that removal of the trustee best serves the interests of the beneficiaries; or (4)(A) there has been a substantial change of circumstances or removal is requested by all of the qualified beneficiaries; (B) the court finds that removal of the trustee best serves the interests of all of the beneficiaries and is not inconsistent with a material purpose of the trust; and (C) a suitable co-trustee or successor trustee is available. (c) Pending a final decision on a request to remove a trustee, or in lieu of or in addition to removing a trustee, the court may order such appropriate relief under Section 19-3B-1001(b) as may be necessary to protect the trust property or the interests of the beneficiaries. (Act 2006-216, p. 314, ยง1.) |