Business Trust Statute definition

Business Trust Statute means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code ss. 3801 et seq., as the same may be amended from time to time.
Business Trust Statute means Chapter 38 of Title 12 of the Delaware Code, 12 DEL. CODE Section 3801 ET SEQ. as the same may be amended from time to time.
Business Trust Statute shall have the meaning set forth in Section 2.5.

Examples of Business Trust Statute in a sentence

  • The parties hereto acknowledge and agree that the Vehicle Trust is organized in series pursuant to Sections 3804(a) and 3806(b)(2) of the Business Trust Statute.


More Definitions of Business Trust Statute

Business Trust Statute has the meaning specified in the Trust Agreement.
Business Trust Statute means Chapter 38 of Title 12 of the Delaware Code, 12 Delaware Code Section 3801 et seq., as amended.
Business Trust Statute. Chapter 38 of Title 12 of the Delaware Code, 12 Del. Codess. 3801 et seq., as the same may be amended from time to time.
Business Trust Statute means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code (S) 3801 et seq., as the same may be amended from time to time. "Certificate Balance" equals, initially, $___________ and, thereafter, equals such initial Certificate Balance reduced by all amounts allocable to principal previously distributed to Certificateholders.
Business Trust Statute. The Delaware Business Trust Act, Chapter 38, Title 12 of the Delaware Code, 12 Delaware Code, ss. 3801 et. seq., as the same may be amended from time to time.
Business Trust Statute means [applicable law] as the same may be amended from time to time.
Business Trust Statute. Any resignation or removal of the Trustee and appointment of a successor Trustee shall not become effective until a written acceptance of appointment is delivered by the successor Trustee to the outgoing Trustee and the Managing Owner and any fees and expenses due to the outgoing Trustee are paid. Following compliance with the preceding sentence, the successor Trustee shall become fully vested with all of the rights, powers, duties and obligations of the outgoing Trustee under this Trust Agreement, with like effect as if originally named as Trustee, and the outgoing Trustee shall be discharged of its duties and obligations under this Trust Agreement.