Minn. Stat. § 501C.0705 – Resignation of Trustee | Midpage
§ 501C.0705
Minn. Stat. § 501C.0705
Resignation of Trustee
2015 c 5 art 7 s 5
(a) A trustee may resign:
(1) upon notice 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.