Modification or termination of trust; proceedings for approval or disapproval.

Checkout our iOS App for a better way to browser and research.

(a) In addition to the methods of termination prescribed by sections 45a-499ee, 45a-499ff and 45a-499ii, a noncharitable trust terminates to the extent the trust is revoked or expires pursuant to its terms.

(b) A charitable trust may be terminated only in accordance with the provisions of section 45a-499gg, 45a-499hh or 45a-520.

(c) A proceeding to approve or disapprove a proposed modification or termination of a trust under sections 45a-499ee to 45a-499kk, inclusive, or trust combination or division under section 45a-499ll may be commenced by a trustee or beneficiary. The settlor of a charitable trust or a person designated by the settlor who would not otherwise have standing may maintain a proceeding to modify the trust under section 45a-499gg or 45a-499hh if the trust instrument expressly grants the settlor or the person the right to do so.

(d) The trustee is a necessary party in any proceeding under sections 45a-499ee to 45a-499ll, inclusive. The trustee may appeal any order, denial or decree under sections 45a-499ee to 45a-499ll, inclusive.

(P.A. 19-137, S. 30.)

History: P.A. 19-137 effective January 1, 2020.


Download our app to see the most-to-date content.