Clauses of the Real Estate Securitization Act Article 57
When the Trustee operates the REIT or REAT business pursuant to this Act with any of the following circumstances, Article 41 of the Trust Enterprise Act shall apply mutatis mutandis:1. convening a beneficiaries’ meeting pursuant to this Act;2. failing to distribute trust interest in accordance with the REIT plan or the REAT plan; or3. other significant matters sufficient to impact the rights and interests of the beneficiaries.Where any of the circumstances as prescribed in the preceding paragraph and Article 41 of the Trust Enterprise Act occurs when the Trustee operates the REIT or REAT business pursuant to this Act, if such trust has appointed a Trust Supervisor, said Trust Supervisor shall be informed.