§ 7740.4. Modification or termination of noncharitable trust - UTC 414
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and FiduciariesEffective: November 6, 2006
Effective: November 6, 2006
20 Pa.C.S.A. § 7740.4
§ 7740.4. Modification or termination of noncharitable trust - UTC 414
(a) Trustee's authority.--A trustee of a noncharitable trust may terminate the trust if the trustee concludes that the value of the trust property is insufficient to justify the cost of administration, the trustee has given written notice to the qualified beneficiaries at least 60 days before the proposed termination and no qualified beneficiary provides the trustee with a written objection to the proposed termination on or before the date specified in the notice.
Credits
2006, July 7, P.L. 625, No. 98, § 9, effective in 120 days [Nov. 6, 2006].
20 Pa.C.S.A. § 7740.4, PA ST 20 Pa.C.S.A. § 7740.4
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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