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Termination of trusts; proceedings for termination or modification of trusts - UTC 410 - 20 Pa. Cons. Stat. § 7740

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     § 7740.  Termination of trusts; proceedings for termination or
                modification of trusts - UTC 410.
        (a)  Termination.--A trust terminates to the extent it is
     revoked or expires pursuant to its terms, no purpose of the
     trust remains to be achieved or the purposes of the trust have
     become unlawful or contrary to public policy. In addition, a
     trust may be terminated by the methods prescribed by sections
     7740.1 (relating to modification or termination of noncharitable
     irrevocable trust by consent - UTC 411) through 7740.4 (relating
     to modification or termination of noncharitable trust - UTC
     414).
        (b)  Proceedings for termination or modification.--The
     settlor, the trustee or a beneficiary may commence a proceeding
     to approve or disapprove a proposed modification or termination
     under sections 7740.1 through 7740.6 (relating to modification
     to achieve settlor's tax objectives - UTC 416), the division of
     a trust under section 7740.7 (relating to division of trusts) or
     the combination of trusts under section 7740.8 (relating to
     combination of trusts). The settlor of a charitable trust may
     commence a proceeding to modify the trust under section 7740.3
     (relating to charitable trusts - UTC 413).

        Cross References.  Section 7740 is referred to in section
     7705 of this title.

Last modified: November 27, 2007