Arkansas § 28-73-705 Resignation of trustee

Arkansas Statutes

§ 28-73-705 — Resignation of trustee

Arkansas § 28-73-705

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This text of Arkansas § 28-73-705 (Resignation of trustee) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 28-73-705 (2026).

Text

(a)A trustee may resign:

(1)upon at least thirty (30) days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or (2) with the approval of a court.

(b)In approving a resignation, a 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.

(d)Subsection (a) applies only to irrevocable trusts created on or after September 1, 2005, and to revocable trusts which become irrevocable on or after September 1, 2005.

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(a) A trustee may resign: (1) upon at least thirty (30) days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or (2) with the approval of a court. (b) In approving a resignation, a 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. (d) Subsection (a) applies only to irrevocable trusts created on or after September 1, 2005, and to revocable trusts which become irrevocable on or after September 1, 2005.