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New Mexico · Through 2024-04-26

46A-7-705: Resignation of trustee.

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Where this section sits in the code
  1. Chapter 46A - Uniform Trust Code
  2. ARTICLE 7 Office of Trustee

A. A trustee may resign:

(1) upon at least thirty days' notice to the qualified beneficiaries, the settlor, if living, and all co-trustees; or

(2) with the approval of the court.

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

C. 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 2026-09-03T15:02:19Z. Source file · JSON

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