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Code of Virginia · § 64.2-758 — Resignation of trustee

64.2-758. Resignation of trustee

A. A trustee may resign:

1. Upon at least 30 days' notice to the settlor, if living, to all cotrustees, and to the qualified beneficiaries except those qualified beneficiaries under a revocable trust that the settlor has the capacity to revoke; 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.

History and annotations

2005, c. 935, § 55-547.05; 2012, c. 614.

Official source for this version

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

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