Miss. Code § 81-27-8.126

Current through the 2024 Regular Session
Section 81-27-8.126 - Appointment where no objection made

If, upon the day fixed in the notice, no person appears and objects to the appointment of a substitute trustee, the clerk shall, upon such terms the clerk deems advisable and in the best interest of all parties, appoint some competent person, or corporation authorized to act as, substitute trustee. The substitute trustee shall be vested with and shall exercise all the powers reconferred upon the trustee named in this instrument.

Miss. Code § 81-27-8.126

Laws, 1998, ch. 437, § 1, eff. 7/1/1998.