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§ 14.5-705. Resignation of trustee

West's Annotated Code of MarylandEstates and TrustsEffective: January 1, 2015

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 14.5. Maryland Trust Act (Refs & Annos)
Subtitle 7. Office of Trustee (Refs & Annos)
Effective: January 1, 2015
MD Code, Estates and Trusts, § 14.5-705
§ 14.5-705. Resignation of trustee
In general
(a) A trustee may resign with the approval of the court.
Approval of resignation by court
(b) In approving a resignation of a trustee, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.
Liability of resigning trustee or of surety on the bond of trustee
(c) Liability of a resigning trustee or of a surety on the bond of the trustee for acts or omissions of the trustee is not discharged or affected by the resignation of the trustee.

Credits

Added by Acts 2014, c. 585, § 1, eff. Jan. 1, 2015.
MD Code, Estates and Trusts, § 14.5-705, MD EST & TRST § 14.5-705
Current through legislation effective July 1, 2020, from the 2020 Regular Session of the General Assembly.
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