§ 14.5-705
Statutes in effect as of October 1, 2026.
Md. Code Ann., Est. & Trusts § 14.5-705 (2026)
Title 14.5. Maryland Trust Act
Subtitle 7. Office of Trustee
§ 14.5-705LinkCopy Citation
(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.