N.C. Gen. Stat. § 39-44
Definition
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
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.
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.
History
(1977, c. 768, s. 1; 2009-174, s. 1.)
Effect of Amendments. - Session Laws 2009-174, s. 1, effective October 1, 2009, and applicable to all instruments recorded on or after that date, substituted "an Illinois land trust, a Delaware statutory trust, or" for "but not limited to" near the middle.
Legal Periodicals. - For survey of 1977 law on business associations, see 56 N.C.L. Rev. 939 (1977).
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.