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2017 Ohio Revised Code
Title [58] LVIII TRUSTS
Chapter 5807 - TRUSTEES
Section 5807.05 - Resignation of trustee - notice - approval.
Universal Citation: Ohio Rev Code § 5807.05 (2017)
(A) A trustee may resign upon at least thirty days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees or with the approval of the court.
(B) In approving a resignation of a trustee, 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.
Effective Date: 01-01-2007 .
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