The trust contract is terminated by the death of the natural person settlor, by the occurrence of the term or by the realisation of the aim pursued when this takes place before the term.
When all of the beneficiaries renounce the trust, it is also terminated ipso jure, unless the contract stipulates the conditions under which it continues. Subject to the same proviso, it terminates when the trustee is wound up by court order or dissolved or disappears as a result of a sale or takeover and, if he is a lawyer, in the event of temporary prohibition, striking off or omission from the roll.