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2011 North Carolina General Statutes
Chapter 39 Conveyances.
Article 8 - Business Trusts.
39-44. Definition.


NC Gen Stat § 39-44 What's This?

39‑44. Definition.

The term "business trust" whenever used or referred to in this Article shall mean any unincorporated association, including an Illinois land trust, a Delaware statutory trust, or a Massachusetts business trust, engaged in any business or trade under a written instrument or declaration of trust under which the beneficial interest therein is divided into shares represented by certificates or shares of beneficial interest. (1977, c. 768, s. 1; 2009‑174, s. 1.)

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