N.D. Cent. Code § 59-15-05

Current through 2024 Legislative Session
Section 59-15-05 - (705) Resignation of trustee
1. A trustee may resign:
a. Upon at least thirty days' notice to the settlor, if living, to all cotrustees, and the qualified beneficiaries, except those qualified beneficiaries under a revocable trust that the settlor has the capacity to revoke; 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.

N.D.C.C. § 59-15-05