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Resignation of trustee

KRS 386B.7-050
in effect
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386B.7-050. Resignation of trustee (1) A trustee may resign: (a) Upon at least thirty (30) days' notice to the qualified beneficiaries and all cotrustees; 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 shall not be discharged or affected by the trustee's resignation. Effective: July 15, 2014 History: Created 2014 Ky. Acts ch. 25, sec. 54, effective July 15, 2014.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=43117Fetched: 10/20/2026

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