Md. Code, Est. & Trusts § 14.5-409

Current with changes from the 2024 Legislative Session
Section 14.5-409 - Termination of trusts; institution of proceedings
(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.

Md. Code, ET § 14.5-409

Added by 2014 Md. Laws, Ch. 585,Sec. 1, eff. 1/1/2015.