Section 700.7705 – Resignation of Trustee; Circumstances; Issuance of Orders and Conditions; Liability.
700.7705 Resignation of trustee; circumstances; issuance of orders and conditions; liability. Sec. 7705. (1) A trustee may resign in either of the following circumstances: (a) Upon at least 28 days’ notice to the qualified trust beneficiaries, the holders of powers of appointment, and all cotrustees. (b) With the approval of the court. (2) In approving […]