(a) A trustee may resign: (1) On at least 30 days' notice to: (i) The qualified beneficiaries; (ii) The settlor, if living; (iii) All cotrustees; and (iv) Any person that has a right to replace or appoint a successor to the resigning trustee; or (2) With the approval of the court. (b) In approving a resignation of a trustee, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property. (c) Liability of a resigning trustee or of a surety on the bond of the trustee for acts or omissions of the trustee is not discharged or affected by the resignation of the trustee.
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