Current with changes from the 2024 Legislative Session
Section 456.7-705 - Resignation of trustee1. A trustee may resign:(1) upon at least 30 days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or(2) with the approval of the court.2. In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.3. 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. L. 2004H.B. 1511
Effective 1/1/2005