Code · Massachusetts · Part II — REAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS · Title II — PROCEEDINGS IN CRIMINAL CASES · Chapter 203E

Section 705: Resignation of trustee

114 words·~1 min read·/ma/part-ii/title-ii/chapter-203e/705

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 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.