Which statement is true regarding the dissolution of a One Person Corporation (OPC) under a trust or estate?

The correct statement is that the existence of a One Person Corporation (OPC) is co-terminous with that of the trust or estate. This means that the OPC operates within the parameters set by the trust or estate it is associated with. When the trust or estate is dissolved, the OPC also ceases to exist.

This relationship is key because the OPC is often used in estate planning and trust arrangements, allowing for a single individual to function as both the owner and the corporation, streamlining management and facilitating the handling of assets within the confines of the trust or estate. By being co-terminous, it ensures that the legal entity of the OPC reflects the same timeline and purposes as the underlying trust or estate, preventing any complications or discrepancies in governance or asset management.

In contrast, the other statements do not accurately capture the essence of OPC dynamics in relation to trusts and estates. For instance, the notion that it can only be dissolved by a court order is incorrect; dissolution can occur through various means. The idea that it has a term of existence independent of the trust or estate contradicts the nature of its establishment, as OPCs are specifically intertwined with the existence of the trust or estate they serve. Finally, the notion that it