§ 12–202
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 12-202 (2026)
Title 12. Statutory Trusts
Subtitle 2. Formation and Powers
§ 12–202LinkCopy Citation
(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.