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Session Laws, 1999
Volume 796, Page 2831   View pdf image
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(B) (1) A CERTIFICATE OF TRUST MAY BE AMENDED BY FILING A
CERTIFICATE OF AMENDMENT TO THE CERTIFICATE OF TRUST WITH THE
DEPARTMENT. THE CERTIFICATE OF AMENDMENT SHALL SET FORTH:

(I) THE NAME OF THE BUSINESS TRUST; AND

(II) THE AMENDMENT TO THE CERTIFICATE OF TRUST.

(2) A CERTIFICATE OF TRUST MAY BE AMENDED AT ANY TIME FOR ANY
PURPOSE AS THE TRUSTEES MAY DETERMINE. A TRUSTEE WHO BECOMES AWARE
THAT ANY STATEMENT IN A CERTIFICATE OF TRUST WAS FALSE WHEN MADE OR
THAT ANY MATTER DESCRIBED HAS CHANGED MAKING THE CERTIFICATE OF TRUST
FALSE IN ANY MATERIAL RESPECT SHALL PROMPTLY FILE A CERTIFICATE OF
AMENDMENT.

(3) A CERTIFICATE OF AMENDMENT SHALL BE SIGNED BY ONE OR MORE
OF THE TRUSTEES OR BY AN OFFICER OF THE TRUST DULY AUTHORIZED BY A
MAJORITY OF THE TRUSTEES.

(C) (1) A CERTIFICATE OF TRUST SHALL BE CANCELED ON THE
COMPLETION OF WINDING UP OF THE BUSINESS TRUST AND ITS TERMINATION. A
CERTIFICATE OF CANCELLATION SHALL BE FILED IN THE OFFICE OF THE
SECRETARY OF STATE AND SET FORTH:

(I) THE NAME OF THE BUSINESS TRUST;

(II) THE DATE OF FILING OF ITS CERTIFICATE OF TRUST; AND

(III) ANY OTHER INFORMATION THE TRUSTEES DETERMINE TO
INCLUDE IN THE CERTIFICATE OF CANCELLATION.

(2) A CERTIFICATE OF CANCELLATION SHALL BE SIGNED BY A
MAJORITY OF THE TRUSTEES OR BY AN OFFICER OF THE TRUST DULY AUTHORIZED
BY A MAJORITY OF THE TRUSTEES, OR IF THERE IS NO TRUSTEE, AS PROVIDED IN
THE GOVERNING INSTRUMENT OF THE BUSINESS TRUST.

(D) (1) A CERTIFICATE OF TRUST, CERTIFICATE OF AMENDMENT, OR
CERTIFICATE OF CANCELLATION SHALL BE EFFECTIVE WHEN ACCEPTED FOR
RECORD BY THE DEPARTMENT OR AT ANY LATER TIME SPECIFIED IN THE
CERTIFICATE.

(2) IF ANY CERTIFICATE FILED IN ACCORDANCE WITH THIS SECTION
PROVIDES FOR A FUTURE EFFECTIVE DATE OR TIME AND IF THE TRANSACTION IS
TERMINATED OR AMENDED TO CHANGE THE FUTURE EFFECTIVE DATE OR, TIME
PRIOR TO THE FUTURE EFFECTIVE DATE OR TIME, THE CERTIFICATE SHALL BE
TERMINATED OR AMENDED BY THE FILING, PRIOR TO THE FUTURE EFFECTIVE DATE
OR TIME SET FORTH IN SUCH ORIGINAL CERTIFICATE, OF A CERTIFICATE OF
TERMINATION OR AMENDMENT OF THE ORIGINAL CERTIFICATE, EXECUTED AND
FILED IN ACCORDANCE WITH THIS TITLE, WHICH SHALL IDENTIFY THE ORIGINAL
CERTIFICATE WHICH HAS BEEN TERMINATED OR AMENDED AND SHALL STATE THAT
THE ORIGINAL CERTIFICATE HAS BEEN TERMINATED OR AMENDED.

 

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Session Laws, 1999
Volume 796, Page 2831   View pdf image
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