Mass. Gen. Laws ch. 203E § 705

Current through Chapter 223 of the 2024 Legislative Session
Section 203E:705 - Resignation of trustee
(a) A trustee may resign:
(1) upon at least 30 days' notice to: (i) the settlor and all co-trustees of the trust, in the case of a revocable trust, and (ii) the qualified beneficiaries and all co-trustees of the trust, in the case of any other trust; 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 shall not be discharged or affected by the trustee's resignation.

Mass. Gen. Laws ch. 203E, § 705

Added by Acts 2012, c. 140,§ 56, eff. 7/8/2012.