(a) Except as otherwise provided in the trust instrument, a trustee may resign

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Terms Used In Alaska Statutes 13.36.074

  • property: includes real and personal property. See Alaska Statutes 01.10.060
  • Trustee: A person or institution holding and administering property in trust.
(1) not less than 30 days after providing written notice of the intent to resign to the qualified beneficiaries and all co-trustees; or
(2) with the approval of the court.
(b) In approving the resignation of a trustee, the court may issue orders and impose conditions on the resigning trustee that are reasonably necessary for the protection of the trust property.
(c) Except as otherwise provided in the trust instrument, a liability of a resigning trustee for acts or omissions of the trustee is not discharged or affected by the trustee’s resignation.
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