D.C. Code § 19-1307.05 : DECEDENTS' ESTATES AND FIDUCIARY RELATIONS — DESCENT, DISTRIBUTION, AND TRUSTS — UNIFORM TRUST CODE — OFFICE OF TRUSTEE —1307.05 - Resignation of trustee

(a) A trustee may resign:
(1) Upon at least 30 days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees or, if there is no cotrustee, to the next designated successor trustee; 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

D.C. Code § 19-1307.05

Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208.

Uniform Law: This section is based upon § 705 of the Uniform Trust Code.

SECTIONS