Vacancy in office of trustee.

A vacancy in the office of trustee exists if any of the following occurs: 1. The person named as trustee declines to serve as trustee. 2. The person named as trustee cannot be identified or does not exist. 3. The trustee resigns or is removed. 4. The trustee dies. 5. A guardian or conservator of the trustee’s person or estate is appointed. 99 Acts, ch 125, §39, 109 ; 2000 Acts, ch 1150, §21 C2001, §633.4104 2005 Acts, ch 38, §54 CS2005, §633A.4104