Section 62
ActIn forceProvision 62 of 92
Section 62
(1)
The trust deed or contractual agreement of a scheme may provide that the scheme is to be wound up—
(a)
at a specified time; or
(b)
in the specified circumstances or on the happening of a specified event.
(2)
A provision of the trust deed or contractual agreement that purports to provide that the scheme is to be wound up if a particular company ceases to be its management company shall be void.