72-38-705. Resignation of trustee.
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/mt/title-72/chapter-38/part-7/72-38-705·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
72-38-705 . Resignation of trustee.
(1)A trustee may resign:
(a)upon at least 30 days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or
(b)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.