A trust can not be terminated by an act of its trustees until a statement of termination signed by one of them is delivered to the Registrar of Trusts.

Where all the beneficiaries of a trust are in agreement so to do, they may require the trustee to terminate the trust.

The Court has the power to order the termination of a trust if the Court is of the opinion that it is just and equitable that the trust should be terminated.

On the termination of a trust the trust property will be distributed by the trustee in accordance with the terms of the trust to the persons entitled thereto.