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Code · North Carolina · Chapter 36C — North Carolina Uniform Trust Code

§ 36C-7-705. Resignation of trustee.

94 words·~1 min read·/nc/chapter-36c/36c-7-705

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

§ 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. (2005-192, s. 2.)
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