{"data":{"id":"us-md/md.-code-corporations-and-associations-12-202","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 12–202","heading":"","body":"(a) Except as provided in its governing instrument, a statutory trust:\n(1) Shall have perpetual existence; and\n(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.\n(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.","path":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=12-202","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"00bf29a1c84fcf431361898f898bac04f5702533159c581c6c393084e8b838fc","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-12-201","next":"us-md/md.-code-corporations-and-associations-12-203"},"notice":"GroundRules: Original legal text. Not legal advice."}