§ 39-44. Definition. - North Carolina Statutes

Article 8.

Business Trusts.

§ 39‑44.  Definition.

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