Business (Statutory) Trust - Definition

A Business (Statutory) Trust, includes a common-law trust, statutory trust, and foreign statutory trust, may be formed for and may have any lawful purpose except a statutory trust shall not have a predominantly donative purpose. To register a trust, contact the Corporations Division, 1100 4th Street, SW, 2nd Floor, Washington, DC 20024, (202) 442-4432.

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