Current with changes from the 2024 legislative session through ch. 845
Section 64.2-758 - Resignation of trusteeA. A trustee may resign:1. Upon at least 30 days' notice to the settlor, if living, to all cotrustees, and to the qualified beneficiaries except those qualified beneficiaries under a revocable trust that the settlor has the capacity to revoke; or2. 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.2005, c. 935, § 55-547.05; 2012, c. 614.Amended by Acts 2012, c. 614.Amended by Acts 2005, c. 935, § 55-547.05.