(1) An appointment of a personal representative terminates as provided in section 15-12-1003 one year after the filing of a closing statement. (2) An order closing an estate as provided in section 15-12-1001 or 15-12-1002 terminates an appointment of a personal representative. (3) A personal representative may resign his or her position by filing a written statement of resignation with the registrar after he or she has given at least fourteen days' written notice to the persons known to be interested in the estate. If the person resigning is a sole representative and if no one applies or petitions for appointment of a successor representative within the time indicated in the notice, the filed statement of resignation is ineffective as a termination of appointment and in any event is effective only upon the appointment and qualification of a successor representative and delivery of the assets to him or her. If the person resigning is a corepresentative, such resignation is effective only upon delivery of the assets in his or her possession to any remaining corepresentatives.
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