North Dakota § 59-12-10 (410) Modification or termination of trust - Proceedings for approval or disapproval

North Dakota Statutes

§ 59-12-10 — (410) Modification or termination of trust - Proceedings for approval or disapproval

North Dakota·Title 59 Trusts, Uses, and Powers·Ch. 59-12 Creation, Validity, Modification, and Termination of Trust

disapproval.

1.In addition to the methods of termination prescribed by sections 59-12-11, 59-12-12, 59-12-13, and 59-12-14, a trust terminates to the extent the trust is revoked or expires pursuant to its terms, no purpose of the trust remains to be achieved, or the purposes of the trust have become unlawful or impossible to achieve.

2.A proceeding to approve or disapprove a proposed modification or termination under sections 59-12-11, 59-12-12, 59-12-13, 59-12-14, 59-12-15, and 59-12-16, or trust combination or division under section 59-12-17, may be commenced by a trustee or beneficiary. The settlor of a charitable trust may maintain a proceeding to modify the trust under section 59-12-13.

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disapproval.
1. In addition to the methods of termination prescribed by sections 59-12-11, 59-12-12,
59-12-13, and 59-12-14, a trust terminates to the extent the trust is revoked or expires
pursuant to its terms, no purpose of the trust remains to be achieved, or the purposes
of the trust have become unlawful or impossible to achieve.
2. A proceeding to approve or disapprove a proposed modification or termination under
sections 59-12-11, 59-12-12, 59-12-13, 59-12-14, 59-12-15, and 59-12-16, or trust
combination or division under section 59-12-17, may be commenced by a trustee or
beneficiary. The settlor of a charitable trust may maintain a proceeding to modify the
trust under section 59-12-13.

North Dakota § 59-12-10 ((410) Modification or termination of trust - Proceedings for approval or disapproval) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.