Current through Session Law 2024-56
Section 36C-7-705 - Resignation of trustee(a) A trustee may resign:(1) Upon at least 30 days' notice in writing 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.N.C. Gen. Stat. § 36C-7-705
Added by 2005 N.C. Sess. Laws 192, s. 2, eff. 1/1/2006.