Trust related

Querist : Anonymous (Querist) 19 November 2021 This query is : Open
Hello
I wanted to know what is the process of resigning as a managing trustee and transferring the same post to one of the trustees, also there is no resignation clause in the trust deed? Kindly suggest the legal methods to do the same

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This discussion addresses the process of resigning as a managing trustee and transferring the role to another trustee, particularly when the trust deed lacks a specific resignation clause. It was confirmed that a clause requiring two months' prior notice does exist, which is a crucial step in the resignation process. Seeking advice from a local lawyer is recommended for navigating the legalities.

kavksatyanarayana (Expert) 22 November 2021
I think such a clause might have been in the Trust Deed. Show it to a local lawyer.

Querist : Anonymous (Querist) 23 November 2021
Yes sir i checked
there is a clause that says two months prior notice is to begiven

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