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Resignation of trustee

NMSA 1978, § 46A-7-705
in effect
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46A-7-705. Resignation 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. Laws 2003, ch. 122, § 7 -705; 2007, ch. 128, § 20.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18548/index.do#!b/46A-7-705Fetched: 10/20/2026

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