Md. Code, Estates and Trusts § 14.5-705
This is the official text of Md. Code, Estates and Trusts § 14.5-705, part of Maryland’s Code, Estates and Trusts — governs wills, trusts, and probate.
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§14.
Official statutory text
§14.5–705.
(a) A trustee may resign:
(1) On at least 30 days’ notice to:
(i) The qualified beneficiaries;
(ii) The settlor, if living;
(iii) All cotrustees; and
(iv) Any person that has a right to replace or appoint a successor to the resigning trustee; or
(2) With the approval of the court.
(b) In approving a resignation of a trustee, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.
(c) Liability of a resigning trustee or of a surety on the bond of the trustee for acts or omissions of the trustee is not discharged or affected by the resignation of the trustee.
(a) A trustee may resign:
(1) On at least 30 days’ notice to:
(i) The qualified beneficiaries;
(ii) The settlor, if living;
(iii) All cotrustees; and
(iv) Any person that has a right to replace or appoint a successor to the resigning trustee; or
(2) With the approval of the court.
(b) In approving a resignation of a trustee, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.
(c) Liability of a resigning trustee or of a surety on the bond of the trustee for acts or omissions of the trustee is not discharged or affected by the resignation of the trustee.
Status: in_force · Read it on the official government site
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