Dissolution of Trust or Series. (a) The Trust and each Series shall have perpetual existence, except that the Trust (or a particular Series) shall be dissolved: (i) With respect to the Trust, (A) upon the vote of the holders of not less than a majority of the Shares of the Trust cast, or (B) at the discretion of the Board of Trustees either (x) at any time there are no Shares outstanding of the Trust, or (y) upon prior written notice to the Shareholders of the Trust; or (ii) With respect to a particular Series, (A) upon the vote of the holders of not less than a majority of the Shares of such Series cast, or (B) at the discretion of the Board of Trustees either (x) at any time there are no Shares outstanding of such Series, or (y) upon prior written notice to the Shareholders of such Series; or (iii) With respect to the Trust (or a particular Series), upon the occurrence of a dissolution or termination event pursuant to any other provision of this Declaration of Trust (including this Article VIII, Section 1) or the DSTA; or (iv) With respect to any Series, upon any event that causes the dissolution of the Trust.
Appears in 2 contracts
Sources: Agreement and Declaration of Trust (Columbia ETF Trust II), Agreement and Declaration of Trust (EGA Emerging Global Shares Trust)