Montana § 35-5-101 Definition Of Business Trust

Montana Statutes

§ 35-5-101 — Definition Of Business Trust

Montana § 35-5-101

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 5BUSINESS TRUSTS

Part 1General

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Bluebook

Mont. Code Ann. § 35-5-101 (2026).

Text

35-5-101 . Definition of business trust. In this chapter, unless the context otherwise requires, "business trust" means an unincorporated association or trust of the type which at common law was known as a "business trust" or "Massachusetts trust", created by an instrument under which property is held and managed by trustees for the benefit and profit of such persons as are or may become the holders of transferable certificates evidencing beneficial interests in the trust estate.

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35-5-101 . Definition of business trust. In this chapter, unless the context otherwise requires, "business trust" means an unincorporated association or trust of the type which at common law was known as a "business trust" or "Massachusetts trust", created by an instrument under which property is held and managed by trustees for the benefit and profit of such persons as are or may become the holders of transferable certificates evidencing beneficial interests in the trust estate.