Except as otherwise
provided for in the memorandum of incorporation, in the case of
only one beneficiary, after he or she becomes competent to make
contract, and in the case of more than one beneficiary, after all of
them become competent to make contract and reach consensus,
such beneficiary or beneficiaries may direct the trustee to hand over
the trust property to him or her or them, and if any direction is so
given, it shall be the duty of the trustee to abide by such direction.
Provided that this provision shall not apply to the public trust.