HRS §517-1
Court-approved sale or lease of trust property despite restrictions
This section lets trustees or officers of an estate or trust sell or lease real property for up to 55 years, even if the trust document forbids it, as long as a court approves. It applies to old and new trusts, including charities.
courtstrustees
The statute, as written — Court approval of disposition of property under restraint
Notwithstanding any limitation in any instrument creating any estate or trust, whether or not eleemosynary or incorporated, and whether or not in effect prior to April 24, 1957, which forbids or restrains the sale of real property of such estate or trust or which limits the terms of lease of such property to periods less than fifty-five years, the trustees or officers of the estate or trust, with the approval of the court, may sell the real property of the estate or trust or may lease the same for periods up to fifty-five years whether or not the lease shall extend beyond the expiration date of the estate or trust.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.