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2016 Kentucky Revised Statutes
CHAPTER 386B - UNIFORM TRUST CODE
Subchapter 7 - Office of Trustee
386B.7-050 Resignation of trustee.

KY Rev Stat § 386B.7-050 (2016) What's This?

Download as PDF 386B.7-050 Resignation of trustee. (1) (2) (3) 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. In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property. 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. Acts ch. 25, sec. 54, effective July 15, 2014.

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