uniform trust code - Kansas Judicial Branch
uniform trust code - Kansas Judicial Branch
uniform trust code - Kansas Judicial Branch
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Subsection (b) provides that a vacancy in the co<strong>trust</strong>eeship must be filled only if the <strong>trust</strong> has<br />
no remaining <strong>trust</strong>ee. If a vacancy in the co<strong>trust</strong>eeship is not filled, Section 703 authorizes the<br />
remaining co<strong>trust</strong>ees to continue to administer the <strong>trust</strong>. However, as provided in subsection (d), the<br />
court, exercising its inherent equity authority, may always appoint additional <strong>trust</strong>ees if the<br />
appointment would promote better administration of the <strong>trust</strong>. See Restatement (Third) of Trusts<br />
§ 34 cmt. e (Tentative Draft No. 2, approved 1999); Restatement (Second) of Trusts § 108 cmt. e<br />
(1959).<br />
Absent an effective provision in the terms of the <strong>trust</strong>, subsection (c)(2) permits a vacancy<br />
in the <strong>trust</strong>eeship to be filled, without the need for court approval, by a person selected by<br />
unanimous agreement of the qualified beneficiaries. Pursuant to Section 705(a)(1), the qualified<br />
beneficiaries may also receive the <strong>trust</strong>ee’s resignation. If a <strong>trust</strong>ee resigns following notice to the<br />
qualified beneficiaries as provided in Section 705, the <strong>trust</strong> may be transferred to a successor<br />
appointed pursuant to subsection (c)(2) of this section, all without court involvement. A<br />
nonqualified beneficiary who is displeased with the choice of the qualified beneficiaries may petition<br />
the court for removal of the <strong>trust</strong>ee under Section 706.<br />
If the qualified beneficiaries fail to make an appointment, subsection (c)(3) authorizes the<br />
court to fill the vacancy. In making the appointment, the court should consider the objectives and<br />
probable intention of the settlor, the promotion of the proper administration of the <strong>trust</strong>, and the<br />
interests and wishes of the beneficiaries. See Restatement (Third) of Trusts § 34 cmt. f (Tentative<br />
Draft No. 2, approved 1999); Restatement (Second) of Trusts § 108 cmt. d (1959).<br />
In the case of a revocable <strong>trust</strong>, the appointment of a successor will normally be made<br />
directly by the settlor. As to the duties of a successor <strong>trust</strong>ee with respect to the actions of a<br />
predecessor, see Section 812.<br />
2001 UTC COMMENT<br />
This section includes the 2001 amendments to the 2000 Uniform Trust Code in subsection<br />
(c), (d) and (e). The changes are as follows:<br />
"(c) A vacancy in a <strong>trust</strong>eeship of a noncharitable <strong>trust</strong> that is<br />
required to be filled must be filled in the following order of priority:"<br />
"(d) A vacancy in a <strong>trust</strong>eeship of a charitable <strong>trust</strong> that is required to<br />
be filled must be filled in the following order of priority:<br />
(1) by a person designated in the terms of the <strong>trust</strong> to act as<br />
successor <strong>trust</strong>ee;<br />
(2) by a person selected by the charitable organizations<br />
expressly designated to receive distributions under the terms of the<br />
<strong>trust</strong> if the [attorney general] concurs in the selection; or<br />
(3) by a person appointed by the court. "<br />
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