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A public reference institution of the State of North Carolina's law

PUBLISHED

N.C.G.S. § 39-44

Definition.

Effective date
2026-08-08
Last verified
2026-08-09
Source
official source
Revision history
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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.)

Reviewed 2026-08-09 · source_verified