§ 16-15-102. Definition of business trust.

Latest version.

As used in this chapter:

(1)	"Beneficiary" means a person holding a certificate representing a beneficial interest in the trust estate and assets.

(2)	"Business trust" has the same meaning as in Section 7-5-1.

(3)	"Division" means the Division of Corporations and Commercial Code.

(4)	"Person" means an individual, general partnership, limited liability partnership, limited partnership, limited liability company, limited association, domestic or foreign trust, estate, association, or corporation.

Enacted by Chapter 310, 1995 General Session

                    
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