4-10-705. Resignation of trustee.
(a) For a revocable living trust, a trustee may resign:
(i) Upon at least thirty (30) days notice to the settlor, if living, and all other cotrustees; or
(ii) With the approval of the court.
(b) For an irrevocable, testamentary or charitable trust, a trustee may resign upon:
(i) At least thirty (30) days notice to all qualified beneficiaries and all other cotrustees; or
(ii) With approval of the court.
(c) In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.
(d) 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.
Structure Wyoming Statutes
Chapter 10 - Uniform Trust Code
Article 7 - Trustees, Trust Advisors and Trust Protectors
Section 4-10-701 - Accepting or Declining Trusteeship.
Section 4-10-702 - Trustee's Bond.
Section 4-10-703 - Cotrustees.
Section 4-10-704 - Vacancy in Trusteeship; Appointment of Successor.
Section 4-10-705 - Resignation of Trustee.
Section 4-10-706 - Removal of Trustee.
Section 4-10-707 - Delivery of Property by Former Trustee.
Section 4-10-708 - Compensation of Trustee.
Section 4-10-709 - Reimbursement of Expenses.
Section 4-10-710 - Trust Protector.
Section 4-10-711 - Trust Protector as a Fiduciary.
Section 4-10-712 - Trust Advisor.
Section 4-10-713 - Trust Advisor as a Fiduciary.
Section 4-10-714 - Trust Advisor and Trust Protector Subject to District Court Jurisdiction.
Section 4-10-715 - No Duty to Review Actions of Trust Advisor or Trust Protector.