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Trustee: A person or institution holding and administering property in trust.
(a)
upon at least 30 days’ notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or
(b)
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.
