Regulations Governing the Management of Collective Trust Funds Article 37

The amount to be paid to a beneficiary that terminates a collective trust fund agreement shall be calculated based on the net value of the fund on the next business day following the date on which the request to terminate the agreement made in writing or by other means as agreed is received by the trust enterprise. However, where the amount to be paid would cause the liquid assets of the fund to drop below the minimum ratio set out in Paragraph 5 of Article 24 herein or is specifically stipulated in the trust agreement, the amount to be paid shall be calculated as stipulated in the collective trust fund agreement.