(a) A trustee may resign:

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Terms Used In Alabama Code 19-3B-705

  • property: includes both real and personal property. See Alabama Code 1-1-1
  • Trustee: A person or institution holding and administering property in trust.
(1) upon at least 30 days’ notice to the qualified beneficiaries, the settlor, if living, and all co-trustees; 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.
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