(a) Appointment of a guardian or conservator terminates on the death or removal of the guardian or conservator, or when the court under subsection (b) approves a resignation of the guardian or conservator.
(b) A guardian or conservator must petition the court for approval to resign. The petition may include a request that the court appoint a successor. Notice of the petition must be given to the person subject to guardianship or conservatorship and any other person the court determines. Resignation of a guardian or conservator is effective on the date the resignation is approved by the court.
(c) Death, removal or resignation of a guardian or conservator does not affect liability for a previous act or the obligation to account for:
(1) An action taken on behalf of the individual subject to guardianship or conservatorship; or
(2) the individual's funds or other property.