456.4-410. Modification or termination of trust--proceedings for approval or disapproval. - Missouri Statutes

Modification or termination of trust--proceedings for approval ordisapproval.

456.4-410. 1. In addition to the methods of termination prescribedby sections 456.4A-411 to 456.4-414, a trust terminates to the extent thetrust is revoked or expires pursuant to its terms, no purpose of the trustremains to be achieved, or the purposes of the trust have become unlawful,contrary to public policy, or impossible to achieve.

2. A proceeding to approve or disapprove a proposed modification ortermination under sections 456.4A-411 to 456.4-416, or trust combination ordivision under section 456.4-417, may be commenced by a trustee orbeneficiary, and a proceeding to approve or disapprove a proposedmodification or termination under section 456.4A-411 may be commenced bythe settlor. The settlor of a charitable trust may maintain a proceedingto modify the trust under section 456.4-413.

(L. 2004 H.B. 1511)

Effective 1-01-05