(1) If a trust's principal place of administration changes after the trust has been registered in this state, the trustee may withdraw that registration by:
Filing a notice of release of trust registration statement in the same court in which thelast registration statement was filed; and
Serving the notice of release upon all persons described in section 15-5-206 (3).
(2) The trust registration is deemed released thirty-five days after the filing of the notice of release with the court unless an objection to the release is filed with that court and the objector files a notice to set a hearing on the objection within said period and serves the objection and the notice to set on those persons described in section 15-5-206 (3).
Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1157, § 1, effective January 1, 2019.