Alabama § 19-3B-705 Resignation of Trustee

Alabama Statutes

§ 19-3B-705 — Resignation of Trustee

Alabama·Title 19 Fiduciaries and Trusts·Ch. 3B Alabama Uniform Trust Code

(a)A trustee may resign:

(1)upon at least 30 days’ notice to the qualified beneficiaries, the settlor, if living, and all co-trustees; 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.

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(a) A trustee may resign:
(1) upon at least 30 days’ notice to the qualified beneficiaries, the settlor, if living, and all co-trustees; 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.

Alabama § 19-3B-705 (Resignation of Trustee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.