Section 2.28 Resignation

• Library: Trusts and Powers 2013 Supp

1. (§2.28) Resignation

Section 456.7-705, RSMo Supp. 2005, provides that a trustee may resign with at least 30 days’ notice to the qualified beneficiaries, the settlor, if living, and all cotrustees.

Section 456.7-707, RSMo Supp. 2005, provides that until the trust property is delivered to a successor trustee or other person entitled to it, a trustee who has resigned or been removed has the duties of a trustee and the powers necessary to protect the trust property. Section 456.7-704.2, RSMo Supp. 2005...