14-10701. Accepting or declining
trusteeship


A. Except as otherwise provided in subsection C, a person designated as trustee
accepts the trusteeship either:


1. By substantially complying with a method of acceptance provided in the terms of
the trust.


2. If the terms of the trust do not provide a method or the method provided in the
terms is not expressly made exclusive, by accepting delivery of the trust property,
exercising powers or performing duties as trustee or otherwise indicating acceptance of
the trusteeship.


B. A person designated as trustee who has not yet accepted the trusteeship may
reject the trusteeship. A designated trustee who does not accept the trusteeship within a
reasonable time after knowing of the designation is deemed to have rejected the
trusteeship.


C. A person designated as trustee, without accepting the trusteeship, may:


1. Act to preserve the trust property if, within a reasonable time after acting,
the person sends a rejection of the trusteeship to the settlor or, if the settlor is dead
or lacks capacity, to a qualified beneficiary.


2. Inspect or investigate trust property to determine potential liability under
environmental or other law or for any other purpose.