§ 53-12-214. Compensation From Business Enterprise
Any trustee may receive compensation for services, as specified in this subsection, from a corporation or other business enterprise, where the trust estate owns an interest in the corporation or other business enterprise, provided that: The services provided by the trustee to the corporation or other business enterprise are of a managerial, executive, or business […]
§ 53-12-220. Resignation of Trustee
A trustee may resign: In the manner and under the circumstances described in the trust instrument; Upon at least 30 days’ written notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or Upon a trustee’s petition to the court. The petition to the court provided for in paragraph (3) of subsection (a) […]