A.__Act to preserve the trust property if, within a reasonable time after acting, the person sends a rejection of the trusteeship to the settlor or, if the settlor is dead or lacks capacity, to a qualified beneficiary; and

B.__Inspect or investigate trust property to determine potential liability under environmental or other law or for any other purpose.

§702.__Trustee's bond

1.__Bond.__A trustee shall give bond to secure performance of the trustee's duties only if the court finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust and the court has not dispensed with the requirement.

2.__Amount.__The court may specify the amount of a bond, its liabilities, and whether sureties are necessary. The court may modify or terminate a bond at any time.

3.__Financial institution.__A financial institution qualified to do trust business in this State need not give bond, even if required by the terms of the trust.

4.__Cost charged to trust.__Unless otherwise directed by the court, the cost of a bond is charged to the trust.

§703.__Cotrustees

1.__Unanimous decision; majority decision.__Cotrustees who are unable to reach a unanimous decision may act by majority decision.

2.__Vacancy.__If a vacancy occurs in a cotrusteeship, the remaining cotrustees may act for the trust.

3.__Participation by cotrustee.__A cotrustee must participate in the performance of a trustee's function unless the cotrustee is unavailable to perform the function because of absence, illness, disqualification or other temporary incapacity or the cotrustee has properly delegated the performance of the function to another trustee.

4.__Cotrustee unavailable.__If a cotrustee is unavailable to perform duties because of absence, illness, disqualification or