A. A business trust may correct its articles of trust at any time to correct a name or address specified in the articles of trust.
B. For a correction to the articles of trust to be adopted, the correction shall be adopted by the sole trustee or a majority of the trustees, or in accordance with the articles of trust or the governing instrument of the business trust.
C. To correct its articles of trust, a business trust shall file with the Commission articles of correction setting forth:
1. The name of the business trust;
2. The text of each correction;
3. A statement of the nature of the error necessitating each correction; and
4. A statement of the manner in which the correction was adopted.
D. If the Commission finds that the articles of correction comply with the requirements of law and that all required fees have been paid, it shall issue a certificate of correction.
2002, c. 621; 2003, c. 373.
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