1. (a) A trustee may resign:

   1. (1) On at least 30 days' notice to:

      1. (i) The qualified beneficiaries;
      2. (ii) The settlor, if living;
      3. (iii) All cotrustees; and
      4. (iv) Any person that has a right to replace or appoint a successor to the resigning trustee; or
   2. (2) With the approval of the court.
2. (b) In approving a resignation of a trustee, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.
3. (c) Liability of a resigning trustee or of a surety on the bond of the trustee for acts or omissions of the trustee is not discharged or affected by the resignation of the trustee.

Added by Acts 2014, c. 585, § 1, eff. Jan. 1, 2015. Amended by Acts 2025, c. 228, § 1, eff. Oct. 1, 2025; Acts 2025, c. 229, § 1, eff. Oct. 1, 2025.