(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.
Added by Acts 2014, c. 585, § 1, eff. Jan. 1, 2015.