Report of the Commissioners Appointed to Revise the General Statutes of the ...

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Report of the Commissioners Appointed to Revise the General Statutes of the ...
Massachusetts. Commissioners Appointed to Revise the General Statutes, Massachusetts
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Further excep- tion.
Neglecting it, to be consider- ed as declining the trust.
Trustee may resign, with consent of the judge of pro- bate.
Executor or ad- ministrator of trustee is not bound to accept the trust.
Trustee may be removed.
Appointment of new trustee.
Section 1. Every perscm who shaD be appointed a trustee for mmors or others, under any last will, excepting such as are exempted by the succeeding sections of this chapter, shall, before entering on the duties of his trust, give bond w
...ith sufficient surety or sureties to the judge of probate for the county in which the will shall have been proved, and in such sum as the judge shall prescribe, with condition as follows: First, to make a true mventory of all the real estate, and all the goods, chattels, rights and credits, belonging to him as trustee, and which shall come to his possession or knowledge; and to return the same into the probate court at such time as the judge shall direct: Secondly, to dispose of and manage all such estate and effects, and faithfully to discharge his trust in relation thereto, acc(»-ding to law and the will of the testator: Thirdly, to render annually on oath an account of the property in his hands, and of the management and disposition thereof: and Fourthly, at the expiration of his trust, to settle his accounts with the judge of probate, and to pay over and deliver all the estate and effects remaining in his hands, or due from him, on such settle- ment, to the person or persons who shall be entided thereto accord- ing to law, and the will of the testator.

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