{"data":{"id":"us-nm/46a-7-705","jurisdiction":"us-nm","citation":"46A-7-705","heading":"Resignation of trustee.","body":"A. A trustee may resign:\n(1) upon at least thirty days' notice to the qualified beneficiaries, the settlor, if living, and all co-trustees; or\n(2) with the approval of the court.\nB. In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.\nC. 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.","path":["Chapter 46A - Uniform Trust Code","ARTICLE 7 Office of Trustee"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18548/index.do","current_through":"2024-04-26","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"636d87f8f77587489e385d264bffa3fad9ba2c57918b7467592a726013b4ec2a","source_id":"us-nm","stale":false,"prev":"us-nm/46a-7-704","next":"us-nm/46a-7-706"},"notice":"GroundRules: Original legal text. Not legal advice."}