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).