Termination of trusts; institution of proceedings.

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

    (a)    In addition to the methods of termination prescribed by §§ 14.5–410 through 14.5–412 of this subtitle, a trust terminates to the extent:

        (1)    The trust is revoked or expires in accordance with the terms of the trust; or

        (2)    The purposes of the trust have become unlawful, contrary to public policy, or impossible to achieve.

    (b)    A proceeding to approve or disapprove a proposed modification or termination under §§ 14.5–410 through 14.5–414 of this subtitle, or combination or division of a trust under § 14.5–415 of this subtitle, may be commenced by a trustee or beneficiary.


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