North Dakota Statutes
§ 59-15-05 — (705) Resignation of trustee
1.A trustee may resign:
a.Upon at least thirty days' notice to the settlor, if living, to all cotrustees, and the
qualified beneficiaries, except those qualified beneficiaries under a revocable
trust that the settlor has the capacity to revoke; 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.
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Nearby Sections
15
§ 59-04.2-01
(102) Definitions§ 59-04.2-02
(103) Fiduciary duties - General principles§ 59-04.2-03
(104) Trustee's power to adjust§ 59-04.2-03.1
Judicial control of discretionary power§ 59-04.2-06
(301) When right to income begins and ends§ 59-04.2-07
(302) Apportionment of receipts and disbursements when decedent dies or income interest begins§ 59-04.2-08
(303) Apportionment when income interest ends§ 59-04.2-09
(401) Character of receipts§ 59-04.2-10
(402) Distribution from trust or estate§ 59-04.2-12
(404) Principal receipts§ 59-04.2-13
(405) Rental property§ 59-04.2-14
(406) Obligation to pay money