A statutory trust shall be dissolved only by:
(2) The filing of articles of dissolution under § 29-1208.02:
(A) As provided in the certificate of trust; or
(B) With the approval of all the beneficial owners.
This section is referenced in § 29-1208.02.
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).
Uniform Law: This section is based on § 801 of the Uniform Statutory Trust Entity Act.
Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.