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If the trustee has filed the action in court and the beneficiaries responded, then the trustee cannot withdraw his action without agreement of the beneficiaries or approval of the court. If the trustee goes to court and states he wants to withdraw his action, the beneficiaries would file a petition asking the court to order the action and if the beneficiaries are in consent on how to carry out the action, then they can join together and present that to the court.
Section D of 16503 states: "If the trustee decides not to implement the proposed action, the trustee shall notify the beneficiaries of the decision not to take the action and the reasons for the decision, and the trustee's decision not to implement the proposed action does not itself give rise to liability to any current or future beneficiary. A beneficiary may petition the court to have the action taken, and has the burden of proving that it should be taken
Thus, you now have to petition the court (objecting to the trustee changing their mind) and ask the court to order the initially proposed action.
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