Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 10. Corporations and Associations |
Chapter 18. MISCELLANEOUS PROVISIONS AND CORPORATIONS |
Article 4. Business Trusts |
Sec 10-1871. Definitions
Latest version.
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In this article, unless the context otherwise requires:
1. "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.