Article 21 - Term
(1) If a Foundation is to be wound up and dissolved upon:
(A) the happening of a particular event; or
(B) the expiration of a fixed period of time,
details of the event or period must be specified in the Constitution.
(2) If a person is to have the right to wind up and dissolve a Foundation, details of the right must be specified in the Constitution.
(3) Article 21 (2) is subject to any right arising under any other QFC Regulations or Rules.
|Derived (as from 22nd September 2016).|