Montana Statutes
§ 72-38-705 — Resignation Of Trustee
Montana·Title 72 ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS·Ch. 38 MONTANA UNIFORM TRUST CODE·Part 7 Office of Trustee
72-38-705 . Resignation of trustee.
(1)A trustee may resign:
(a)upon at least 30 days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or
(b)with the approval of the court.
(2)In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.
(3)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.
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 72-38-705 (Resignation Of Trustee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 83, Ch. 264, L. 2013.
Nearby Sections
15
§ 72-38-1001
Remedies For Breach Of Trust§ 72-38-1002
Damages For Breach Of Trust§ 72-38-1003
Damages In Absence Of Breach§ 72-38-1004
Attorney Fees And Costs§ 72-38-1005
Limitation Of Action Against Trustee§ 72-38-1006
Reliance On Trust Instrument§ 72-38-1007
Event Affecting Administration Or Distribution§ 72-38-1008
Exculpation Of Trustee§ 72-38-1009
Beneficiary's Consent, Release, Or Ratification§ 72-38-101
Short Title§ 72-38-1010
Limitation On Personal Liability Of Trustee§ 72-38-1011
Interest As General Partner§ 72-38-1012
Protection Of Person Dealing With Trustee§ 72-38-1013
Certification Of Trust§ 72-38-102
Scope