A statutory trust shall be dissolved only by:

1. (1) An administrative dissolution under §§ 29-106.01 and 29-106.02; or

2. (2) The filing of articles of dissolution under § 29-1208.02:

   1. (A) As provided in the certificate of trust; or
   2. (B) With the approval of all the beneficial owners.

Editor's Notes

Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.

Uniform Law: This section is based on § 801 of the Uniform Statutory Trust Entity Act.

History

July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720

Mar. 5, 2013, D.C. Law 19-210, § 2(l)(8)(A), 59 DCR 13171

Effect of Amendments

The 2013 amendment by D.C. Law 19-210 substituted “’As provided in the certificate of trust” for “On the occurrence of an event or circumstance that the governing instrument states causes dissolution” in (2)(A).

Section References

This section is referenced in § 29-1208.02.