58a-410. Modification or termination of trust; proceedings for approval or disapproval. (a) In addition to the methods of termination prescribed by K.S.A. 58a-411 through 58a-414, and amendments thereto, 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, contrary to public policy, or impossible to achieve.
(b) A proceeding to approve or disapprove a proposed modification or termination under K.S.A. 58a-411 through 58a-416, and amendments thereto, or trust combination or division under K.S.A. 58a-417, and amendments thereto, may be commenced by a trustee or qualified beneficiary, and a proceeding to approve or disapprove a proposed modification or termination under K.S.A. 58a-411, and amendments thereto, may be commenced by the settlor. The settlor of a charitable trust may maintain a proceeding to modify the trust under K.S.A. 58a-413, and amendments thereto.
History: L. 2002, ch. 133, ยง 31; Jan. 1, 2003.
Structure Kansas Statutes
Chapter 58a - Kansas Uniform Trust Code
Article 4 - Creation, Validity, Modification, And Termination Of Trust
58a-401 Methods of creating trust.
58a-402 Requirements for creation.
58a-403 Trusts created in other jurisdictions.
58a-405 Charitable purposes; enforcement.
58a-406 Creation of trust induced by fraud, duress, or undue influence.
58a-407 Evidence of oral trust.
58a-408 Trust for care of animal.
58a-409 Noncharitable trust without ascertainable beneficiary.
58a-410 Modification or termination of trust; proceedings for approval or disapproval.
58a-411 Modification or termination of noncharitable irrevocable trust by consent.
58a-414 Termination of uneconomic trust.
58a-415 Reformation to correct mistakes.
58a-416 Modification to achieve settlor's tax objectives.