456.7-705. Resignation of trustee. - Missouri Statutes

Resignation of trustee.

456.7-705. 1. A trustee may resign:

(1) upon at least 30 days' notice to the qualified beneficiaries, thesettlor, if living, and all cotrustees; or

(2) with the approval of the court.

2. In approving a resignation, the court may issue orders and imposeconditions reasonably necessary for the protection of the trust property.

3. Any liability of a resigning trustee or of any sureties on thetrustee's bond for acts or omissions of the trustee is not discharged oraffected by the trustee's resignation.

(L. 2004 H.B. 1511)

Effective 1-01-05