Kansas Statutes 58a-705. Resignation of trustee
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 58a-705
- Property: includes personal and real property. See Kansas Statutes 77-201
- Trustee: A person or institution holding and administering property in trust.
(a) A trustee may resign:
(1) Upon at least 30 days’ notice to the qualified beneficiaries and all cotrustees; 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.