Redemption of beneficial interest

  1. Law
  2. District of Columbia Code
  3. Business Organizations. [Enacted title]
  4. Statutory Trusts
  5. Beneficial Owners
  6. Redemption of beneficial interest

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A statutory trust may acquire, by purchase, redemption, or otherwise, any beneficial interest in the trust or series thereof. A beneficial interest acquired under this section shall be canceled.

(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)

Editor's Notes

Uniform Law: This section is based on § 605 of the Uniform Statutory Trust Entity Act.


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