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Maryland Code, Estates and Trusts § 14.5-409

Current as of January 01, 2025 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Maryland Code, Estates and Trusts § 14.5-409 - last updated January 01, 2025 | https://codes.findlaw.com/md/estates-and-trusts/md-code-est-and-trst-sect-14-5-409/

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