456.7-705. Resignation of trustee.
Resignation of trustee.
456.7-705. 1. A trustee may resign:
(1) upon at least 30 days' notice to the qualified beneficiaries, thesettlor, if living, and all cotrustees; or
(2) with the approval of the court.
2. In approving a resignation, the court may issue orders and imposeconditions reasonably necessary for the protection of the trust property.
3. Any liability of a resigning trustee or of any sureties on thetrustee's bond for acts or omissions of the trustee is not discharged oraffected by the trustee's resignation.
(L. 2004 H.B. 1511)Effective 1-01-05