Neb. Rev. Stat. § 30-3861

Current with changes from the 2024 legislative session enacted on or before 4/18/2024
Section 30-3861 - (UTC 705) Resignation of trustee

(UTC 705)

(a) A trustee may resign:
(1) upon at least thirty days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; 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.

Neb. Rev. Stat. § 30-3861

Laws 2003, LB 130, § 61.