(UTC 410) (a) In addition to the methods of termination prescribed by sections 30-3837 to 30-3840 , 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 sections 30-3837 to 30-3842 , or trust combination or division under section 30-3843 , may be commenced by a trustee or beneficiary. The settlor of a charitable trust may maintain a proceeding to modify the trust under section 30-3839 .
Neb. Rev. Stat. § 30-3836
(UTC 410) Modification or termination of trust; proceeding for approval or disapproval
Applied in 2 court decisions — leading case In Re Estate of Hedke (2009)
Most recently applied in In re Trust Created by Augustin (September 2019)
Laws 2003, LB 130, § 36; Laws 2005, LB 533, § 40.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.