2006 Nebraska Revised Statutes - § 30-3861 — (UTC 705) Resignation of trustee.
Section 30-3861(UTC 705) Resignation of trustee.
(UTC 705) (a) A trustee may resign:
(1) upon at least thirty days' 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.
Source:
- Laws 2003, LB 130, § 61
~Revised Statutes Cumulative Supplement, 2006
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