Miss. Code Ann. § 91-8-705

Resignation of trustee

Known as the Mississippi Uniform Trust Code

The act spans §§ 91–91 (104 sections).

Laws, 2014, ch. 421, § 48, eff from and after July 1, 2014.

A trustee may resign:

(1) Upon at least thirty (30) days’ notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or

(2) With the approval of the court.

In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.

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.

Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.