Hawaii Revised Statutes 554D-410 – Modification or termination of trust; proceedings for approval or disapproval

(a) In addition to the methods of termination prescribed by sections -411 through -414, 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.

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Terms Used In Hawaii Revised Statutes 554D-410

Charitable trust: means a trust, or portion of a trust, created for a charitable purpose described in section -405(a). See Hawaii Revised Statutes 554D-103
Settlor: means a person, including a testator, who creates, or contributes property to, a trust. See Hawaii Revised Statutes 554D-103

(b) A proceeding to approve or disapprove a proposed modification or termination under sections -411 through -416, or trust combination or division under section -417, may be commenced by a trustee or beneficiary, and a proceeding to approve or disapprove a proposed modification or termination under section -411 may be commenced by the settlor. The settlor of a charitable trust may maintain a proceeding to modify the trust under section -413.

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Hawaii Revised Statutes 554D-410 – Modification or termination of trust; proceedings for approval or disapproval

Terms Used In Hawaii Revised Statutes 554D-410

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