72-33-414. Disposition of property upon termination. At the termination of a trust, the trust property shall be disposed of as follows:
     (1) In the case of a trust that is revoked by the trustor, as directed by the trustor.
     (2) In the case of a trust that is terminated by the consent of the trustor and all beneficiaries, as agreed by the trustor and all beneficiaries.
     (3) In any other case, as provided in the trust instrument or in a manner directed by the court that conforms as nearly as possible to the intention of the trustor as expressed in the trust instrument. If a trust is terminated by the trustee pursuant to 72-33-412(2), the trust property shall be distributed as determined by the trustee pursuant to this subsection.

     History: En. Sec. 40, Ch. 685, L. 1989.