(1) A trustee may resign:
- (a) Upon at least thirty 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 pursuant to this section, 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.
Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1170, § 1, effective January 1, 2019.