Massachusetts General Laws ch. 215 sec. 40 – Resignation or removal of fiduciary; power to compel surrender of property
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Section 40. If an executor, administrator, guardian, conservator, trustee or receiver resigns or is removed, and neglects or refuses to deliver to his successor all property held by him under the trust, the probate court may, upon application of such successor or any person beneficially interested, order such delivery made, and shall have like powers for enforcing such order as are given to it by section thirty-four.
Terms Used In Massachusetts General Laws ch. 215 sec. 40
- Executor: A male person named in a will to carry out the decedent
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Probate: Proving a will
- Trustee: A person or institution holding and administering property in trust.