The appointment of, resignation, removal and succession of Trustees is determined as follows:
Removal of Trustee
The District may remove any Trustee appointed by the District at any time by delivery to such Trustee, and to the other Trustees then acting, an instrument signed by the District. Likewise, the Association may remove any Trustee appointed by the Association at any time by delivery to such Trustee and to the other Trustees then acting, an instrument signed by the Association.
Resignation of Trustee
Any Trustee may resign, without the permission of any court or judge and without first accounting for his actions as Trustee, by giving written notice to the District, Association and to the other Trustees then acting, but the foregoing shall not relieve any Trustee so resigning of the obligation ultimately to account for his or her actions as such Trustee.
Appointment of Successor Trustees In the event of the death, resignation or removal for any reason of any Trustee, a successor Trustee may be appointed by an instrument signed by the District or Association, accepted in writing by such successor Trustee, copies of which shall be delivered by the District or Association to the other Trustees then acting. The District shall appoint the successor of a District Trustee and the Association shall appoint the successor of an Association Trustee.
Cross References:
Trust Policy 110 Trustees
Trust Policy 120
Trust and Plan Terms
Trust document Section 5
Proposed: August, 2005 ApprovedAdopted: August 29, 2005 Proposed: December 2010