Examples of Business Trust Act in a sentence
In January 2004, the Company established BFC Capital Trust II (“BFC II”), a trust formed under the Delaware Business Trust Act.
The legislative synopsis of the original Delaware Business Trust Act states:This bill statutorily recognized common law trusts created for business purposes as the State of Massachusetts did many years ago.
The Cargill Plaintiffs also cite the Virginia Business Trust Act for support.
Kopans, The Business Trust in the Mutual Fund Industry: Old Arguments in a New Industry with Two New Players (2003) (unpublished manuscript, on file with The Journal of Corporation Law); Tamar Frankel, The Delaware Business Trust Act Failure as the New Corporate Law, 23 CARDOZO L.
So it seems to me that we are juggling different systems and sometimes we seem to say: “Oh, it is absolutely okay” and sometimes we seem to say: “Oh, we are not so happy with it.” So turning to this, I am not strongly one way or another because it seems that we manage both systems depending on who we want.