§12–202.

    (a)    Except as provided in its governing instrument, a statutory trust:

        (1)    Shall have perpetual existence; and

        (2)    May not be terminated or revoked by a beneficial owner or other person except in accordance with the terms of the governing instrument of the statutory trust.

    (b)    Except as provided in the governing instrument of a statutory trust, the death, incapacity, dissolution, termination, or bankruptcy of a beneficial owner shall not result in the termination or dissolution of a statutory trust.