3352s

If a trust has more than one trustee, all trustees must exercise the powers conferred, except as otherwise provided in the trust instrument. However, if the co-trustees fail to reach unanimous agreements, co-trustees may act according to the majority.If one or more of them rejects the designation, or for whatever reason ceases to be a trustee after having accepted the trusteeship, powers shall be exercised by the remaining trustee or trustees until a successor is designated in accordance with Section 19, except as otherwise provided in the terms of the trust. History —Aug. 31, 2012, No. 219, § 26.