noone63 noone63

02-10-2020
Social Studies

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How were replacement trustees to be chosen

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rautsriyashi98601573 rautsriyashi98601573

02-10-2020

Answer:

In this case, the retiring trustee can be replaced by someone chosen either by a person nominated in the trust deed to choose a replacement trustee or (if there is no such power) by the remaining trustees. ... The court has an inherent jurisdiction to sanction the retirement of any trustee.

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