substituted trustee

substituted trustee
A trustee who, when appointed, steps into the place of the old trustee charged with the trust, and with all the powers and duties of the old trustee. 54 Am J1st Trusts § 133. Although the original trustee ceases to act and have the powers of a trustee, he continues to be liable as a trustee for his acts while in office. Fidelity-Philadelphia Trust Co. v Hale & Filburn Corp. (DC Pa) 24 F Supp 3.

Ballentine's law dictionary. . 1998.

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