N.C. Gen. Stat. § 36C-7-705

Resignation of trustee.

Last amended: 2005Year: 2026Length: 91 wordsSubsections: 3Official source
§ 36C-7-705. Resignation of trustee. (a) A trustee may resign: (1) Upon at least 30 days' notice in writing 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.
N.C. Gen. Stat. § 36C-7-705: Resignation of trustee. | Justis AI