Appointment by Court Having Jurisdiction; Power to Renounce Appointment

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Sec. 21. (a) A court or an officer of a court having jurisdiction to:

(1) grant letters of guardianship;

(2) appoint a trustee, guardian, receiver, or committee of the estate of a person;

(3) appoint a committee, trustee, or receiver in insolvency or bankruptcy proceedings, or in any other proceeding or action, under state or federal law; or

(4) make any other fiduciary appointment provided for in this article;

may appoint a corporate fiduciary. However, the corporate fiduciary is not required to accept the appointment.

As added by P.L.262-1995, SEC.90.


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