Section 9-102 - Renunciation by testamentary trustee. - Maryland Statutes

§ 9-102. Renunciation by testamentary trustee.
 

(a)  General.- A trustee appointed by will to execute a trust contained in it may decline to accept the appointment by filing a statement of renunciation with the register of the county in which the will is admitted to probate before he receives property or performs an act pursuant to the trust. 

(b)  Effect.- Unless the will provides otherwise, the trust shall thereafter be administered as if the trustee had not been appointed. The renunciation shall not be construed to release or impair the right of the person to a legacy under the will by which he was appointed trustee, unless the legacy is expressly declared in the will to be compensation for his services as trustee. 

(c)  Application of rules.- Unless the will provides otherwise, in all cases not provided for in this section, a trustee may renounce or resign his trust only in accordance with the Maryland Rules. 
 

[An. Code 1957, art. 93, § 9-102; 1974, ch. 11, § 2.]