(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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Last modified: March 23, 2014