Asset management company termination can occur by trustee, AMC request, Board direction, or 75% unit holder resolution, subject to Board approval. Appointment of an asset management company may be terminated by the trustee with majority board approval, by the asset management company on request, on ... Summary
Asset management company termination can occur by trustee, AMC request, Board direction, or 75% unit holder resolution, subject to Board approval.
Appointment of an asset management company may be terminated by the trustee with majority board approval, by the asset management company on request, on directions of the Board, or by a resolution of at least seventy-five per cent of unit holders; any change in appointment, including termination and appointment of a new asset management company, requires prior approval from the Board.
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