Kentucky Revised Statutes · § 386B.7-050 — Resignation of trustee
386B.7-050. Resignation of trustee
(1) A trustee may resign:
(a) Upon at least thirty (30) days' notice to the qualified beneficiaries and all cotrustees; 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 shall not be discharged or affected by the trustee's resignation.
Source notes
Effective: July 15, 2014
History and annotations
Created 2014 Ky. Acts ch. 25, sec. 54, effective July 15, 2014.
Source captured 2026-09-25. Open the official source.