§ 4-10-705 — Resignation of trustee

Wyoming § 4-10-705

• Jurisdiction: Wyoming
• Title 04: Fiduciaries
• Ch. 10: UNIFORM TRUST CODE
• Art. 7: TRUSTEES, TRUST ADVISORS AND TRUST PROTECTORS

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(a) For a revocable living trust, a trustee may resign:
(i) Upon at least thirty (30) days notice to the
settlor, if living, and all other cotrustees; or
(ii) With the approval of the court.
(b) For an irrevocable, testamentary or charitable trust,
a trustee may resign upon:
(i) At least thirty (30) days notice to all qualified
beneficiaries and all other cotrustees; or
(ii) With approval of the court.
(c) In approving a resignation, the court may issue orders
and impose conditions reasonably necessary for the protection of
the trust property.
(d) 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.