Article 34 - Resignation of Trustee
(1) Subject to the Terms of the Trust , a Trustee may resign its office:
(A) by giving at least thirty (30) days' notice in writing to the Beneficiaries, the Settlor , if living, and all its co-Trustees . Such resignation will take effect upon the expiry of such thirty (30) day notice period or such earlier date as may be agreed between the Trustee resigning and the Settlor , if living, and its co-Trustees ;
(B) with the approval of the QFC Court ; or
(C) otherwise in accordance with the Terms of the Trust .
(2) A resignation given in order to facilitate a breach of trust will have no effect.
Amended (as from 24th December 2017). |