There is a vacancy in the office of trustee in any of the following circumstances:
(a) The person named as trustee rejects the trust.(b) The person named as trustee cannot be identified or does not exist.(c) The trustee resigns or is removed.(e) A conservator or guardian of the person or estate of an individual trustee is appointed.(f) The trustee is the subject of an order for relief in bankruptcy.(g) A trust company's charter is revoked or powers are suspended, if the revocation or suspension is to be in effect for a period of 30 days or more.(h) A receiver is appointed for a trust company if the appointment is not vacated within a period of 30 days.Amended by Stats 2009 ch 500 (AB 1059),s 57, eff. 1/1/2010.