A vacancy in the office of trustee exists if any of the following occurs:
- 1. The person named as trustee declines to serve as trustee.
- 2. The person named as trustee cannot be identified or does not exist.
- 3. The trustee resigns or is removed.
- 4. The trustee dies.
- 5. A guardian or conservator of the trustee’s person or estate is appointed.
99 Acts, ch 125, §39, 109; 2000 Acts, ch 1150, §21 C2001, §633.4104 2005 Acts, ch 38, §54 CS2005, §633A.4104