SCPA 1504 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 1503 Qualification of trustee appointed by another court When the supreme court appoints a testamentary trustee a certified copy of the order ... up ARTICLE 15 Trusts and Trustees next SECTION 1505 Proceeding when testamentary trustee is also executor or administrator 1 Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 1504 Renunciation of appointment: retraction thereof 1 Surrogate's Court Procedure Act (SCP) CHAPTER 59-A, ARTICLE 15 § 1504. Renunciation of appointment: retraction thereof 1. A testamentary trustee may renounce his appointment by a duly acknowledged instrument. 2. By like instrument the renunciation may be retracted at any time before letters have been issued to another in his place or after such letters have been issued, if they have been revoked or the person to whom they have been issued has become unable to act or disqualified. The court may issue letters to the person so retracting upon such notice as it may require. 3. The instrument of renunciation and the instrument of retraction authorized by this section must be filed in the office of the court having jurisdiction of the trust.