- A trustee may resign:
- Upon at least thirty (30) days’ notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or
- With the approval of the court.
- In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.
- 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.