{"data":{"id":"us-dc/d.c.-code-29-1203.06","jurisdiction":"us-dc","citation":"D.C. Code § 29-1203.06","heading":"Duration.","body":"(a)\nExcept as otherwise provided in its certificate of trust, a statutory trust:\n(1)\nHas perpetual duration; and\n(2)\nMay not be terminated or revoked except in accordance with this chapter or the terms of the trust’s certificate of trust.\n\n(b)\nA series of a statutory trust may not be terminated or revoked except in accordance with this chapter or the terms of the governing instrument.\n\n(c)\nThe death, incapacity, dissolution, termination, or bankruptcy of a beneficial owner , trustee, or person designated under § 29-1201.03(e)(8) or (9) does not result in the termination or dissolution of a statutory trust or any series thereof.\n\n(d)\nA statutory trust or any series thereof shall not terminate because the same person is the sole trustee and sole beneficial owner.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 12. Statutory Trusts.","Subchapter III. Governing Law; Authorization; Duration; Powers."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-1203.06","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"87165e6db5262c76f195905a36fdba439831450a520fc94d4cd3b8c1c1230024","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-1203.05","next":"us-dc/d.c.-code-29-1203.07"},"notice":"GroundRules: Original legal text. Not legal advice."}