Md. Code, Corporations and Associations § 12-202

Md. Code, Corporations and Associations § 12-202
in effect
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(a) Except as provided in its governing instrument, a statutory trust: (1) Shall have perpetual existence; and (2) May not be terminated or revoked by a beneficial owner or other person except in accordance with the terms of the governing instrument of the statutory trust. (b) Except as provided in the governing instrument of a statutory trust, the death, incapacity, dissolution, termination, or bankruptcy of a beneficial owner shall not result in the termination or dissolution of a statutory trust.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca&section=12-202&enactments=falseFetched: 10/16/2026

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