(a) In addition to the methods of termination prescribed by §§ 28-73-411 -- 28-73-414, a trust terminates to the extent the trust 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, contrary to public policy, or impossible to achieve.
(b) A proceeding to approve or disapprove a proposed modification or termination under §§ 28-73-411 -- 28-73-416, or trust combination or division under § 28-73-417, may be commenced by a trustee or beneficiary, and a proceeding to approve or disapprove a proposed modification or termination under § 28-73-411 may be commenced by the settlor. The settlor of a charitable trust may maintain a proceeding to modify the trust under § 28-73-413.
Section: Previous 28-73-403 28-73-404 28-73-405 28-73-406 28-73-407 28-73-408 28-73-409 28-73-410 28-73-411 28-73-412 28-73-413 28-73-414 28-73-415 28-73-416 28-73-417 NextLast modified: November 15, 2016