The trustee may resign at any time after accounting for all funds in his possession, and the court may appoint another trustee.
1936, p. 524; Michie Code 1942, § 5278i; Code 1950, § 55-163; 2019, c. 712.
Structure Code of Virginia
Title 8.01 - Civil Remedies and Procedure
Chapter 18.1 - Assignments for Benefit of Creditors
§ 8.01-525.1. Recordation; notice of sale; preferences prohibited
§ 8.01-525.2. Substitution of another trustee by creditors
§ 8.01-525.3. Procedure to question claim of creditor
§ 8.01-525.4. Provision to bar further claim by creditors who accept deed
§ 8.01-525.5. Compensation of trustee
§ 8.01-525.6. Petition for assignment of salary, wages, or income for the benefit of creditors
§ 8.01-525.7. Trustee; rights and duties; compensation
§ 8.01-525.8. Resignation of trustee
§ 8.01-525.9. Debts; order of payment
§ 8.01-525.10. Exemption from garnishment, levy, or distress