2006 Code of Virginia § 55-544.10 - Modification or termination of trust; proceedings for approval or disapproval.
55-544.10. Modification or termination of trust; proceedings for approvalor disapproval.
A. In addition to the methods of termination prescribed by 55-544.11through 55-544.14, a trust terminates to the extent the trust is revoked orexpires pursuant to its terms, no purpose of the trust remains to beachieved, or the purposes of the trust have become unlawful, contrary topublic policy, or impossible to achieve.
B. A proceeding to approve or disapprove a proposed modification ortermination under 55-544.11 through 55-544.16, or trust combination ordivision under 55-544.17, may be commenced by a trustee or beneficiary. Thesettlor of a charitable trust may maintain a proceeding to modify the trustunder 55-544.13.
(2005, c. 935.)
Disclaimer: These codes may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
