Section 501C.0414 - MODIFICATION OR TERMINATION OF UNECONOMIC TRUST(a) After notice to the qualified beneficiaries, the trustee of a trust consisting of trust property having a total value less than $50,000 may terminate the trust if the trustee concludes that the value of the trust property is insufficient to justify the cost of administration.(b) The court may modify or terminate a trust or remove the trustee and appoint a different trustee if it determines that the value of the trust property is insufficient to justify the cost of administration.(c) Upon termination of a trust under this section, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust.(d) This section does not apply to an easement for conservation or preservation.Added by 2015 Minn. Laws, ch. 5,s 4-11, eff. 1/1/2016.