Directed trusts - Resignation of fiduciary

(a) A trust advisor, trust protector or other fiduciary other than a cotrustee, such cotrustee's resignation already being provided for in § 35-15-705 , may resign its appointment as such respective fiduciary in a like manner as provided for a trustee under § 35-15-705 . (b) When exercising its powers under this section relative to resignation, the court shall consider the powers, duties and liabilities relative to such respective fiduciaries other than a cotrustee and whether any of such respective fiduciaries are excluded fiduciaries. Added by 2013 Tenn. Acts, ch. 390, s 29, eff. 7/1/2013. (a) A trust advisor, trust protector or other fiduciary other than a cotrustee, such cotrustee's resignation already being provided for in § 35-15-705 , may resign its appointment as such respective fiduciary in a like manner as provided for a trustee under § 35-15-705 . (b) When exercising its powers under this section relative to resignation, the court shall consider the powers, duties and liabilities relative to such respective fiduciaries other than a cotrustee and whether any of such respective fiduciaries are excluded fiduciaries. Added by 2013 Tenn. Acts, ch. 390, s 29, eff. 7/1/2013.