State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter30 > 30-3861

30-3861. (UTC 705) Resignation of trustee.(UTC 705) (a) A trustee may resign:(1) upon at least thirty days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; 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. SourceLaws 2003, LB 130, § 61.