55-3-23. Termination of trust.

In addition to the methods specified in §§ 55-3-24 to 55-3-27, inclusive, a trust terminates if:

(1)    The term of the trust expires;

(2)    The trust purpose is fulfilled;

(3)    The trust purpose becomes unlawful or impossible to fulfill; or

(4)    The trust is revoked.

Source: SL 1998, ch 282, § 1; SL 2016, ch 231, § 21.