# Corporations and Associations (GCA)

## Title 12. Statutory Trusts

### Subtitle 2. Formation and Powers

#### Section 12-202

(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.

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Md. Code Ann., Corps. & Ass'ns (as displayed at mgaleg.maryland.gov, October 16, 2026)