Neb. Rev. Stat. §§ 30-3861

Current with changes through the 2024 First Special Legislative Session
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.