Upon the election of new trustees, the interest of the former trustees shall be transferred to and vest in such new trustees; and the former trustees shall render and settle an account of their trust with such successors, and pay and transfer to them such mortgage estate and any balances in their hands; and, if a balance is due the retiring trustees, the assets of the trust shall be charged therewith.
Source. 1858, 2100:3. GS 151:5. GL 165:5. PS 161:5. PL 252:5. RL 302:5. RSA 368:5. 2024, 33:2, eff. July 1, 2024. RSA 244:5.