14-10705. Resignation of trustee
90 words·~1 min read·
/az/title-14/14-10705A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. A trustee may resign either:
1. Unless the trust instrument provides otherwise, on at least thirty days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees.
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.