(a) A plan of merger shall be consented to by all trustees and all beneficial owners of a constituent statutory trust.
(b) After a merger is approved, and at any time before a filing is made under § 29-1207.04, a constituent statutory trust may amend the plan or abandon the planned merger:
(1) As provided in the plan; and
(2) Except as prohibited by the plan, with the same consent as was required to approve the plan.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
This section is referenced in § 29-1207.02.
Uniform Law: This section is based on § 703 of the Uniform Statutory Trust Entity Act.
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