§36C-8A-10. Resignation of power holder

Latest version.

(a)        A power holder may resign upon either of the following conditions:

(1)        Upon at least 30 days' notice in writing to the qualified beneficiaries, the settlor, if living, and all trustees.

(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.

(2012-18, s. 3.4.)

                    
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