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.
D.C. Code § 29-1206.05
Redemption of beneficial interest
Known as the Uniform Statutory Trust Entity Act
The act spans §§ 29-1201.01 to 29-1209.01 (66 sections).
July 2, 2011, D.C
Official source: D.C. Law Library (Council of the District of Columbia). Reproduced from public-domain District of Columbia statutes; confirm against the official source for the current text. Not legal advice.