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Section 456.7-705 Resignation of trustee.

MO Rev Stat § 456.7-705 (2019) (N/A)
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Effective 01 Jan 2005, see footnote

456.7-705. Resignation of trustee. — 1. A trustee may resign:

(1) upon at least 30 days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or

(2) with the approval of the court.

2. In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.

3. 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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(L. 2004 H.B. 1511)

Effective 1-01-05

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Section 456.7-706 Removal of trustee.