N.C. Gen. Stat. § 36C-7-705

Current through Session Law 2024-53
Section 36C-7-705 - Resignation of trustee
(a) A trustee may resign:
(1) Upon at least 30 days' notice in writing to the qualified beneficiaries, the settlor, if living, 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.

N.C. Gen. Stat. § 36C-7-705

Added by 2005 N.C. Sess. Laws 192, s. 2, eff. 1/1/2006.