Section 35

Upon the declaration by the trustee‑manager of a registered business trust of a distribution of profits, income or other payments or returns out of the trust property of the registered business trust to the unitholders of the registered business trust, each unitholder becomes entitled, after the date on which the distribution is payable, to receive the distribution, and upon such declaration, the unitholder is deemed to be, and is entitled to all legal and equitable remedies available to, a creditor of the registered business trust, with recourse to the trust property out of which the distribution is to be made.

The trust deed of a registered business trust may provide for the establishment of book closure dates with respect to distributions of profits, income or other payments or returns by the trustee‑manager of the registered business trust.