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

Nebraska Statutes

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

Nebraska § 30-3861

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

This text of Nebraska § 30-3861 ((UTC 705) Resignation of trustee) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 30-3861 (2026).

Text

(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.