3B:31-50. Resignation of Trustee.

   a.   A trustee may resign:
 
   (1)   upon at least 30 days' notice to the qualified beneficiaries, the settlor, if living, all co-trustees, and the trustee or trustees, if any, designated pursuant to the terms of the trust to succeed the resigning trustee; or
 
   (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.
 
   c.   Any liability of a resigning trustee or of any sureties on the trustee's bond for acts or omissions of the trustee is not discharged or affected by the trustee's resignation.
 
   L.2015, c.276, s.1.