(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.