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14 chapters · 154 sections in this title.
14A V.S.A. ch. 007, § 701 Accepting or declining trusteeship
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§ 701. Accepting or declining trusteeship (a) Except as otherwise provided in subsection (c) of this section, a person designated as trustee accepts the trusteeship: (1) by substantially complying with a method of acceptance provided in the terms of the trust; or (2) if the terms…
14A V.S.A. ch. 007, § 702 Trustee’s bond
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§ 702. Trustee’s bond (a) A trustee shall give bond to secure performance of the trustee’s duties only if the Probate Division of the Superior Court finds that a bond is required by the terms of the trust and the Probate Division of the Superior Court has not dispensed with the r…
14A V.S.A. ch. 007, § 703 Cotrustees
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§ 703. Cotrustees (a) Cotrustees who are unable to reach a unanimous decision may act by majority decision. (b) If a vacancy occurs in a cotrusteeship, the remaining cotrustees may act for the trust. (c) A cotrustee must participate in the performance of a trustee’s function unle…
14A V.S.A. ch. 007, § 704 Vacancy in trusteeship; appointment of successor
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§ 704. Vacancy in trusteeship; appointment of successor (a) A vacancy in a trusteeship occurs if: (1) a person designated as trustee rejects the trusteeship; (2) a person designated as trustee cannot be identified or does not exist; (3) a trustee resigns; (4) a trustee is disqual…