Resignation of trustee

15-5-705. Resignation of trustee. (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.