QUESTION
Can 3 current trustees refuse to elect a new trustee?
Asked on Aug 16th, 2013 on Landlord and Tenant Law - Idaho
More details to this question:
Our residential lane indentures have not changed in 70 years. It requires that every year the 3 trustees must hold a meeting to elect a trustee to replace the trustee that has served a 3 year term. Even though there has not been a quorum of two thirds of members there we have continued to elect trustee every year.
2 ANSWERS
Litigation Attorney serving Bakersfield, CA
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Dessy & Dessy
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There is no such thing as a "residential lane indenture" in California real estate law. As a matter of curiosity, I goggled this term, And it simply does not exist anywhere. Google was also unable to find the term "residential land indenture."
Answered on Aug 19th, 2013 at 9:31 PM
Commercial Contracts Attorney serving Boise, ID
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Peters Law, PLLC
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You can go to court and ask the court to order the trustees to follow the trust.
Answered on Aug 19th, 2013 at 2:00 PM