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Section 15414 Of Chapter 3. Modification And Termination Of Trusts From California Probate Code >> Division 9. >> Part 2. >> Chapter 3.
15414
. Notwithstanding any other provision in this chapter, if a
trust continues in existence after the expiration of the longer of
the periods provided by the statutory rule against perpetuities,
Article 2 (commencing with Section 21205) of Chapter 1 of Part 2 of
Division 11, the trust may be terminated in either of the following
manners:
(a) On petition by a majority of the beneficiaries.
(b) On petition by the Attorney General or by any person who would be affected by the termination, if the court finds that the termination would be in the public interest or in the best interest of a majority of the persons who would be affected by the termination.
(a) On petition by a majority of the beneficiaries.
(b) On petition by the Attorney General or by any person who would be affected by the termination, if the court finds that the termination would be in the public interest or in the best interest of a majority of the persons who would be affected by the termination.
