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2016 Statute

Prev Article 7. - OFFICE OF TRUSTEENext

58a-705.Resignation of trustee. (a) A trustee may resign:

(1) Upon at least 30 days' notice to the qualified beneficiaries and all cotrustees; or

(2) with the approval of the court.

(b) In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.

(c) Any liability of a resigning trustee or of any sureties on the trustee's bond for acts or omissions of the trustee is not discharged or affected by the trustee's resignation.

History: L. 2002, ch. 133, § 53; Jan. 1, 2003.

Prev Article 7. - OFFICE OF TRUSTEENext
2017. Powered by KLISS. Rendered: 2017-12-03T03:40:00. Head Rev No: 340240