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