Minn. Stat. § 501C.0705

Current through 2024, c. 127
Section 501C.0705 - RESIGNATION OF TRUSTEE
(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.

Minn. Stat. § 501C.0705

2015 c 5 art 7 s 5

Added by 2015 Minn. Laws, ch. 5,s 7-5, eff. 1/1/2016.