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. (2005-192, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 36C - North Carolina Uniform Trust Code
Article 7 - Office of Trustee.
§ 36C-7-701 - Accepting or declining trusteeship.
§ 36C-7-704 - Vacancy in trusteeship; appointment of successor.
§ 36C-7-705 - Resignation of trustee.
§ 36C-7-706 - Removal of trustee.
§ 36C-7-707 - Delivery of property by former trustee.