There is a newer version of the California Code
2012 California Codes
PROB - Probate Code
DIVISION 9 - TRUST LAW [15000 - 19403]
PART 2 - CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUSTS
CHAPTER 3 - Modification and Termination of Trusts
Section 15407
CA Prob Code § 15407 (through 2013 Leg Sess) What's This?
(a) A trust terminates when any of the following occurs:
(1) The term of the trust expires.
(2) The trust purpose is fulfilled.
(3) The trust purpose becomes unlawful.
(4) The trust purpose becomes impossible to fulfill.
(5) The trust is revoked.
(b) On termination of the trust, the trustee continues to have the powers reasonably necessary under the circumstances to wind up the affairs of the trust.
(Enacted by Stats. 1990, Ch. 79.)
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