N.M. Stat. § 46A-7-705

Current through 2024, ch. 69
Section 46A-7-705 - Resignation of trustee
A. A trustee may resign:
(1) upon at least thirty days' notice to the qualified beneficiaries, the settlor, if living, and all co-trustees; or
(2) with the approval of the court.
B. In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.
C. 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.

NMS § 46A-7-705

Laws 2003, ch. 122, § 7 -705; 2007, ch. 128, § 20.