Article 1024. Termination of the contract of trust management of property.
1. A contract of trust management of property shall be terminated due to: death of a citizen who is a beneficiary, or liquidation of a legal entity beneficiary, unless otherwise provided by the contract; refusal of the beneficiary to receive benefits under the contract, unless the contract provides otherwise; the death of a citizen who is a trustee, recognition of his incapacitated, partially capable or missing, as well as recognition of an individual entrepreneur as insolvent (bankrupt); the refusal of the trustee or the founder of management of the implementation of trust management in connection with the impossibility for the trustee manager to personally carry out trust management of the property; refusal of the founder of management of the contract for reasons other than that specified in paragraph five of this paragraph, subject to payment of the remuneration to the trust manager; recognition as insolvent (bankrupt) of a citizen-entrepreneur who is the founder of the management. 2. If one party rejects the contract of trust management of property, the other party must be notified about this three months before the termination of the contract, unless a different notice period is provided by the contract. 3. Upon termination of the contract of trust management, the property in trust management shall be transferred to the founder of the management, unless otherwise provided by the agreement.
References to other articles of chapter 53. Trust management of property: