§ 386b-7-050

386B.7 -050 Resignation of trustee. (1) A trustee may resign: (a) Upon at least thirty (30) days' notice to the qualified beneficiaries and all cotrustees; or (b) With the approval of the court. (2) In approving a resignation, 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 shall not be discharged or affected by the trustee's resignation. Effective: July 15, 2014 History: Created 2014 Ky. Act s ch. 25, sec. 54, effective July 15, 2014.