disapproval. 1. In addition to the methods of termination prescribed by sections 59 -12-11, 59-12-12, 59-12-13, and 59-12-14, 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 or impossible to achieve. 2. A proceeding to approve or disapprove a proposed modification or termination under sections 59 -12-11, 59 -12-12, 59 -12-13, 59 -12-14, 59 -12-15, and 59 -12-16, or trust combination or division under section 59 -12-17, may be commenced by a trustee or beneficiary. The settlor of a charitable trust may maintain a proceeding to modify the trust under section 59-12-13.
‹ Prev All North Dakota sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.