smart-law / smartlaw-trust

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Documentation on the process to dissolve trust #1

Open smart-law opened 6 years ago

smart-law commented 6 years ago

The general requirements of termination of a trust are: ALL beneficiaries consent to termination (i.e., if more than one beneficiary, trust cannot be terminated by a single beneficiary); and There is no further trust purpose to be served.

dissolveTrust() function must be called by all beneficiaries in order to be valid.