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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.

Official source for this version

Source captured 2026-09-25. Open the official source.

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