2005 Connecticut Code - Sec. 47-6a. Foreign business trust authorized to purchase, hold, transmit, make mortgages on, acquire and convey interests in real estate; filing of trust declaration.
Sec. 47-6a. Foreign business trust authorized to purchase, hold, transmit,
make mortgages on, acquire and convey interests in real estate; filing of trust declaration. A trust with transferable shares organized under the laws of any state, commonly
known as a business trust, may purchase, hold or transmit real estate, make mortgages
thereon, and acquire and convey any interest therein, in the name of such trust in the
same manner as a corporation organized under the laws of this state, provided a true
copy of the declaration of such trust, duly certified by the proper official of the state in
which it is organized or by the secretary of such trust, shall first be filed in the office
of the Secretary of the State of Connecticut.
History: P.A. 79-356 expanded provisions to apply with regard to trusts organized under any state's laws where previously applicable only to trusts organized under laws of Massachusetts.
Cited. 179 C. 246, 248.
Massachusetts business trusts are treated as corporations, and Sec. 33-411(c) and (d) probably apply to them. Inapplicable to a Maryland business trust. 32 CS 124.
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