Business Trust Template

 Agreement and Declaration of a Business Trust - also Known as a Massachusetts Business Trust
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Description Business Trust Agreement Sample

A Massachusetts business trust is a trust set up for the purposes of business, but not necessarily in the state of Massachusetts. They may also be referred to as an unincorporated business organization. It is an unincorporated business organization created by a legal document, a declaration of trust, and used in place of a corporation or partnership for the transaction of various kinds of business with limited liability.

A business trust differs from a corporation in that it does not receive a charter from the state giving it legal recognition; it derives its status from the voluntary action of the individuals who form it. Its use has been expanded to include the purchase of Securities and commodities.

A business trust is similar to a traditional trust in that its trustees are given legal title to the trust property to administer it for the advantage of its beneficiaries who hold equitable title to it. A written declaration of trust specifying the terms of the trust, its duration, the powers and duties of the trustees, and the interests of the beneficiaries is essential for the creation of a business trust. The beneficiaries receive certificates of beneficial interest as evidence of their interest in the trust, which is freely transferable.

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Trust Template Other Form Names

What Is A Trust Agreement In Business   In Business What Is A Trust   Business Trust   Trust Format   Massachusetts Business Trust   Declaration Of Trust Document   What Is A Declaration Of Trust  

Trust Format For Business FAQ

What is a declaration trust?

What is a business trust name?

What is a trust agreement in business?

Is a declaration of trust the same as a trust agreement?

Can a business trust be used as an investment entity?

Is a declaration of trust a trust?

Is a business trust a legal entity?

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