Ky. Rev. Stat. § 386B.7-050

Current through Acts Received April 24, 2024
Section 386B.7-050 - Resignation of trustee
(1) A trustee may resign:
(a) Upon at least thirty (30) days' notice to the qualified beneficiaries 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 shall not be discharged or affected by the trustee's resignation.

KRS 386B.7-050

Added by 2014 Ky. Acts ch. 25,§ 54, eff. 7/15/2014.