☰ Revisor of Missouri

Title XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY

Chapter 456

< > Effective - 01 Jan 2005, see footnote bottom

  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


---- end of effective  01 Jan 2005 ----

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