N.D. Cent. Code § 59-15-05: (705) Resignation of trustee
Where this section sits in the code
- Title 59 Trusts
- Chapter 59-15 Office Of Trustee
1.A trustee may resign:
a.Upon at least thirty days' notice to the settlor, if living, to all cotrustees, and the qualified beneficiaries, except those qualified beneficiaries under a revocable trust that the settlor has the capacity to revoke; or
b.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.
Collected 2026-09-02T21:04:14Z. Source file · JSON