C.R.S. § 15-5-705

15-5-705. Resignation of trustee

Year: 2026Length: 92 wordsSubsections: 2Official source
15-5-705. Resignation of trustee. (1) A trustee may resign: (a) Upon at least thirty days' notice to the qualified beneficiaries; the settlor, if living; and all cotrustees; or (b) With the approval of the court. (2) In approving a resignation pursuant to this section, 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.
C.R.S. § 15-5-705: 15-5-705. Resignation of trustee | Justis AI