Business trust definition

Business trust means a trust created for the purpose of making a profit through the combination of capital contributed by the beneficiaries of the trust and through the administration or management of the capital by trustees or a person acting on behalf of the trustees, for the benefit of the beneficiaries;

Business trust means a business trust governed as to its internal affairs by KRS Chapter 386 or a statutory trust governed as to its internal affairs by KRS Chapter 386A;

Business trust means a trust formed under the statutory law of another state that is not a foreign statutory trust and does not have a predominately donative purpose.

Examples of Business trust in a sentence

• Bidder’s Business, whether organized as a stock or non-stock Corporation, limited liability company, Business trust, limited partnership, or registered as a registered limited liability partnership, is authorized to transact business in the Commonwealth of Virginia as a domestic or foreign Business entity if so required by Title 13.1 or Title 50 of the Code of Virginia, as amended, or as otherwise required by law.

• For purposes of this definition ‘‘is controlled by’’ means the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

• This last term precedes the first and is considered as more generic.

• Types of commercial enterprises include, but are not limited to: Sole proprietorship; Partnership (whether limited or general); Holding company; Joint venture; Corporation; Business trust; or Other entity, which may be publicly or privately owned.

• Bidder’s Business, whether organized as a stock or non -stock Corporation, limited liability company, Business trust, limited partnership, or registered as a registered limited liability partnership, is authorized to transact business in the Commonwealth of Virginia as a domestic or foreign Business entity if so required by Title 13.1 or Title 50 of the Code of Virginia, as amended, or as otherwise required by law.

More Definitions of Business trust

Business trust means an unincorporated trust or association, including a common–law trust, a Massachusetts trust, a real estate investment trust as defined in § 8–101 of this article, a statutory trust as defined in § 12–101 of this article, and a foreign statutory trust as defined in § 12–101 of this article, that is engaged in business and in which property is acquired, held, managed, administered, controlled, invested, or disposed of by trustees or the trust for the benefit and profit of any person who may become a holder of a transferable unit of beneficial interest in the trust.

Business trust means an entity engaged in a trade or business that is created by a declaration of trust that transfers property to trustees, to be held and managed by them for the benefit of persons holding certificates representing the beneficial interest in the trust estate and assets.

Business trust or "domestic business trust" means an unincorporated business, trust, or association

Business trust means a unit trust scheme where the operation or management of the scheme and the scheme’s property or asset is managed by a trustee manager”;

Business trust means an unincorporated trust or association, including 13 a Maryland real estate investment trust, a common-law trust, or a Massachusetts trust,

Business trust means a business organization wherein a business or other property is conveyed to trustees who manage the business or other property for the benefit of the certificate or shareholders of the trust. Business trust shall not include a voting trust.

Business trust means a business trust or a foreign business trust as 25 defined in § 8-501.1 of this article.