4-10-705. Resignation of trustee.
(a) For a revocable living trust, a trustee may resign:
(i) Upon at least thirty (30) days notice to the settlor, if living, and all other cotrustees; or
(ii) With the approval of the court.
(b) For an irrevocable, testamentary or charitable trust, a trustee may resign upon:
(i) At least thirty (30) days notice to all qualified beneficiaries and all other cotrustees; or
(ii) With approval of the court.
(c) In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.
(d) 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.