Nebraska § 30-3861 (UTC 705) Resignation of trustee

Nebraska Statutes

§ 30-3861 — (UTC 705) Resignation of trustee

Nebraska·Ch. 30 Decedents' Estates; Protection of Persons and Property

(UTC 705) (a) A trustee may resign:

(1)upon at least thirty days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; 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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(UTC 705) (a) A trustee may resign:
(1) upon at least thirty days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; 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.

Nebraska § 30-3861 ((UTC 705) Resignation of trustee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.