A trust relation shall be terminated upon the occurrence of an event provided in the trust act or upon the completion or impossible completion of the purposes for which the trust is established.

If a trust inures to the sole benefit of the settlor, the settlor or his inheritor shall have the right to terminate the trust from time to time and at any time.
If a trust is terminated by the settlor or his inheritor under the preceding paragraph at a time which is detrimental to the rights, and interests of the trustee, the settlor or his inheritor shall be liable to pay compensation to the trustee unless the termination is due to any cause beyond one's control.

If a trust does not inure to the sole benefit of the settlor, the trust may be jointly terminated by the settlor and the beneficiary at any time and from time to time unless it is otherwise provided in the trust act.
The settlor and the beneficiary who terminate the trust at a time detrimental to the rights and interests of the trustee shall be jointly and severally liable to pay compensation to the trustee, unless the termination is due to any factor beyond one's control.

Upon the termination of a trust relation, the trust property shall devolove upon the following persons in the following order unless it is otherwise provided in the trust act:
（1）the beneficiary to whom the trust inures to the sole benefit; or
（2）the settlor or his inheritor.

Upon the termination of a trust relation, the trust relation shall be considered to be in force and effect until the trustee has devolved the trust property upon the right holders provided in the preceding article, and the person upon whom the rights are devolved shall be deemed the beneficiary.

Articles 49 and 51 hereof shall apply mutatis mutandis to the trust property that is transferred to the beneficiary or devolved upon other right holders due to the termination of the trust relation.

Upon the termination of a trust relation, the trustee shall prepare a final financial statement and a report on the trust affairs administered, and shall seek the acceptance of the beneficiary, the trust supervisor or other right holders in respect of said documents.
Under the circumstances described in the preceding paragraph, the second paragraph of Article 50 hereof shall apply mutatis mutandis.