Missouri Laws 456.7-705 – Resignation of trustee
Current as of: 2023 | Check for updates
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1. A trustee may resign:
(1) upon at least 30 days’ notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or
Terms Used In Missouri Laws 456.7-705
- Property: includes real and personal property. See Missouri Laws 1.020
- Trustee: A person or institution holding and administering property in trust.
(2) with the approval of the court.
2. In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.
3. 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.