Delaware Business Trust Act definition

Delaware Business Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as it may be amended from time to time.
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Delaware Business Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. Section 3801, et. seq., as it may be amended from time to time.
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Delaware Business Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. Section 3801, ET SEQ., as it may be amended from time to time.
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Examples of Delaware 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.

  • Kopans, The Business Trust in the Mutual Fund Industry: Old Arguments in a New Industry with Two New Players (2003) (unpublished manuscript, on file with The Journal of Corporation Law); Tamar Frankel, The Delaware Business Trust Act Failure as the New Corporate Law, 23 CARDOZO L.

  • Their fixed capitals are Rs.1,40,000; Rs.80,000 and Rs.1,60,000 respectively.

  • The Delaware Business Trust Act contains highly permissive provisions allowing promoters of business trusts a staggering degree of freedom to design their relationships with beneficiaries-investors.


More Definitions of Delaware Business Trust Act

Delaware Business Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Delaware Code Sections 3801 ET SEQ. as it may be amended from time to time.
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Delaware Business Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. ss.sx. 0001, et seq., as it may be amended from time to time.
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Delaware Business Trust Act shall have the meaning assigned to that term in the Recitals hereof, as the same may be amended from time to time.
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Delaware Business Trust Act shall have the meaning set forth in Section 2.01 hereof.
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Delaware Business Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. C., Section 3801, et. seq., as it may be amended from time to time. "Delaware Trustee" means the Person identified as the "Delaware Trustee" in the preamble to this Declaration of Trust solely in its capacity as Delaware
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Delaware Business Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as it may be amended from time to time. "Delaware Trustee" means the commercial bank or trust company or any other person identified as the "Delaware Trustee" and has the meaning specified in the preamble to this Trust Agreement solely in its capacity as Delaware Trustee of the Trust formed and continued hereunder and not in its individual capacity, or its successor in interest in such capacity, or any successor Delaware Trustee appointed as herein provided. "Depositor" means Duke Energy Corporation, in its capacity as "Depositor" under this Trust Agreement, its successors and assigns. "Distribution Date" has the meaning specified in Section 4.01(a). "Distributions" means amounts payable in respect of the Trust Securities as provided in Section 4.01. "Event of Default" means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): (i) the occurrence of an Indenture Event of Default; or (ii) default by the Trust in the payment of any Distribution when it becomes due and payable, and continuation of such default for a period of 30 days; or (iii) default by the Trust in the payment of any Redemption Price of any Trust Security when it becomes due and payable; or (iv) default in the performance, or breach, of any covenant or warranty of the Trustees in this Trust Agreement (other than a covenant or warranty a default in whose performance or breach is dealt with in clause (ii) or (iii) above) and continuation of such default or breach for a period of 60 days after there has been given, by registered or certified mail, to the Trustees by 4
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Delaware Business Trust Act has the meaning set forth in Section 2.3 of the Trust Agreement.
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