juris

Section 57: Termination by beneficiaries

Trusts Act · PART IX: FAILURE, LAPSE AND TERMINATION OF TRUST

consolidated text (as at 2012, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

57. Termination by beneficiaries (1) Notwithstanding anything in the terms of the trust, a trust shall terminate where the beneficiaries who all— (a) are in existence and have been ascertained; (b) are persons of full age with no legal disability or incapacity; and (c) are in unanimous agreement so to do, require by notice the trustee to terminate the trust. (2) Where a trust is terminated under subsection (1), the trustee shall distribute the trust property as the beneficiaries may direct.

Ask juris about this section Official source