Me. Rev. Stat. tit. 18-B, § 705 (2025) – Resignation of trustee

1. Resignation A trustee may resign:
1. A. Upon at least 30 days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or
  [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
2. B. With the approval of the court.
  [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
[PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
2. Approval by court In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.
[PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
3. Liability 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.
[PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]

PL 2003, c. 618, §A1 (NEW). PL 2003, c. 618, §A2 (AFF).