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Section 47-14A-1 - Definitions. - 47-14A-1.Definitions. Terms used in this chapter mean: (1)"Business trust," an...
Section 47-14A-2 - Beneficial owner's contribution to business trust--Contribution not required. - 47-14A-2. Beneficial owner's contribution to business trust--Contribution not required. A...
Section 47-14A-3 - Obligation of beneficial owner--Cash value of contribution as option in addition to other remedies. - 47-14A-3. Obligation of beneficial owner--Cash value of contribution as option...
Section 47-14A-4 - Penalties or consequences for failure to make contribution. - 47-14A-4. Penalties or consequences for failure to make contribution. A...
Section 47-14A-5 - Liability of beneficial owners. - 47-14A-5. Liability of beneficial owners. Except to the extent otherwise...
Section 47-14A-6 - Liability of trustees. - 47-14A-6. Liability of trustees. Except to the extent otherwise provided...
Section 47-14A-7 - Liability of officers, employees, and others managing business of trust. - 47-14A-7. Liability of officers, employees, and others managing business of...
Section 47-14A-8 - Usury not a defense against beneficial owner's obligation. - 47-14A-8. Usury not a defense against beneficial owner's obligation. No...
Section 47-14A-9 - Power to sue and be sued--Liabilities--Property subject to attachment--Exception for separately designed series. - 47-14A-9. Power to sue and be sued--Liabilities--Property subject to attachment--Exception...
Section 47-14A-10 - Trustee may be served with process. - 47-14A-10. Trustee may be served with process. A trustee of...
Section 47-14A-11 - Service of process--Fee if service made on secretary of state. - 47-14A-11. Service of process--Fee if service made on secretary of...
Section 47-14A-12 - Time for responsive pleading. - 47-14A-12. Time for responsive pleading. In any action in which...
Section 47-14A-13 - Trustee or beneficial owner may consent to jurisdiction. - 47-14A-13. Trustee or beneficial owner may consent to jurisdiction. In...
Section 47-14A-14 - Service of process not limited. - 47-14A-14. Service of process not limited. Nothing in this chapter...
Section 47-14A-15 - Circuit court jurisdiction over business trusts. - 47-14A-15. Circuit court jurisdiction over business trusts. The circuit court...
Section 47-14A-16 - Doing business in state by reason of being trustee. - 47-14A-16. Doing business in state by reason of being trustee....
Section 47-14A-17 - Beneficial owner to have undivided interest in trust property--Proportionate share in profits and losses. - 47-14A-17. Beneficial owner to have undivided interest in trust property--Proportionate...
Section 47-14A-18 - Creditors of beneficial owners have no rights in business trust property. - 47-14A-18. Creditors of beneficial owners have no rights in business...
Section 47-14A-19 - Beneficial owner's interest in business trust as personal property. - 47-14A-19. Beneficial owner's interest in business trust as personal property....
Section 47-14A-20 - Beneficial owner's interest transferable. - 47-14A-20. Beneficial owner's interest transferable. A beneficial owner's beneficial interest...
Section 47-14A-21 - Beneficial owner entitled to distribution becomes creditor of business trust. - 47-14A-21. Beneficial owner entitled to distribution becomes creditor of business...
Section 47-14A-22 - Title to property of business trust may be held by trustee. - 47-14A-22. Title to property of business trust may be held...
Section 47-14A-23 - Creditors of trustee have no rights in business trust property. - 47-14A-23. Creditors of trustee have no rights in business trust...
Section 47-14A-24 - Trustees to manage affairs of business trust--Persons entitled to direct trustees--Power to direct trustees does not cause person to be trustee nor to create duties or liabilities. - 47-14A-24. Trustees to manage affairs of business trust--Persons entitled to...
Section 47-14A-25 - Provisions of governing instrument. - 47-14A-25. Provisions of governing instrument. A governing instrument may contain...
Section 47-14A-26 - Trustee acting in reliance on governing instrument not liable to trust or beneficial owner--Duties determined by governing instrument. - 47-14A-26. Trustee acting in reliance on governing instrument not liable...
Section 47-14A-27 - Officer or employer acting in reliance on governing instrument not liable--Duties determined by governing instrument. - 47-14A-27. Officer or employer acting in reliance on governing instrument...
Section 47-14A-28 - Action by beneficial owners--Notice and meeting not necessary if consent exists--Proxy. - 47-14A-28. Action by beneficial owners--Notice and meeting not necessary if...
Section 47-14A-29 - Action by trustees--Notice and meeting not necessary if consent exists--Proxy. - 47-14A-29. Action by trustees--Notice and meeting not necessary if consent...
Section 47-14A-30 - One trustee required to have residence or principal place of business in state. - 47-14A-30. One trustee required to have residence or principal place...
Section 47-14A-31 - Exception to § 47-14A-30 for registered investment companies. - 47-14A-31. Exception to §47-14A-30 for registered investment companies. Notwithstanding the...
Section 47-14A-32 - Change of registered agent or location of office--Amendment to certificate of trust. - 47-14A-32. Change of registered agent or location of office--Amendment to...
Section 47-14A-33 - Service of process on registered agent valid. - 47-14A-33. Service of process on registered agent valid. Service of...
Section 47-14A-34 - Change of name or address of trustee or registered agent--Fee--Certificate. - 47-14A-34. Change of name or address of trustee or registered...
Section 47-14A-35 - Business trust to have perpetual existence--Termination determined by governing instrument. - 47-14A-35. Business trust to have perpetual existence--Termination determined by governing...
Section 47-14A-36 - Death or incapacity of beneficial owner need not terminate business trust. - 47-14A-36. Death or incapacity of beneficial owner need not terminate...
Section 47-14A-37 - Dissolution of trust determined by governing instrument. - 47-14A-37. Dissolution of trust determined by governing instrument. In the...
Section 47-14A-38 - Powers of trust managers upon dissolution of trust. - 47-14A-38. Powers of trust managers upon dissolution of trust. Upon...
Section 47-14A-39 - Payment of claims and obligations of trust upon dissolution--Distribution of remaining assets--Liability of persons winding up business. - 47-14A-39. Payment of claims and obligations of trust upon dissolution--Distribution...
Section 47-14A-40 - Dissolution of series need not cause dissolution of trust--Series dissolution determined by governing instrument--Death or incapacity of beneficial owner need not terminate series. - 47-14A-40. Dissolution of series need not cause dissolution of trust--Series...
Section 47-14A-41 - Powers of trust series managers upon dissolution of series--Liability. - 47-14A-41. Powers of trust series managers upon dissolution of series--Liability....
Section 47-14A-42 - Laws applicable to business trusts. - 47-14A-42. Laws applicable to business trusts. Except to the extent...
Section 47-14A-43 - Certificate of trust to be filed with secretary--Contents--Trust formed upon filing. - 47-14A-43. Certificate of trust to be filed with secretary--Contents--Trust formed...
Section 47-14A-44 - Certificate of amendment--Contents--Certificate of trust may be freely amended. - 47-14A-44. Certificate of amendment--Contents--Certificate of trust may be freely amended....
Section 47-14A-45 - Restated certificate of trust integrating all amendments--Contents. - 47-14A-45. Restated certificate of trust integrating all amendments--Contents. A certificate...
Section 47-14A-46 - Certificate of cancellation to be filed upon termination of trust--Contents. - 47-14A-46. Certificate of cancellation to be filed upon termination of...
Section 47-14A-47 - Certificate of correction or corrected certificate of trust to be filed to correct defective information--Contents--Effective date. - 47-14A-47. Certificate of correction or corrected certificate of trust to...
Section 47-14A-48 - Termination of certificate containing future effective date. - 47-14A-48. Termination of certificate containing future effective date. If any...
Section 47-14A-49 - Execution of certificates. - 47-14A-49. Execution of certificates. Each certificate required by this section...
Section 47-14A-50 - Execution by agent--Authorization of agent. - 47-14A-50. Execution by agent--Authorization of agent. Unless otherwise provided in...
Section 47-14A-51 - Execution of certificate by trustee constitutes oath as to truth of contents. - 47-14A-51. Execution of certificate by trustee constitutes oath as to...
Section 47-14A-52 - Certificates to be delivered to secretary's office--Duties of secretary upon receipt of filing. - 47-14A-52. Certificates to be delivered to secretary's office--Duties of secretary...
Section 47-14A-53 - Certificates effective upon filing or upon effective date contained in certificate. - 47-14A-53. Certificates effective upon filing or upon effective date contained...
Section 47-14A-54 - Fees paid at request of secretary or upon filing of certificate. - 47-14A-54. Fees paid at request of secretary or upon filing...
Section 47-14A-55 - Signature may be facsimile or electronically transmitted--Certificate may be electronically transmitted. - 47-14A-55. Signature may be facsimile or electronically transmitted--Certificate may be...
Section 47-14A-56 - Certificate of trust on file with secretary is notice of business trust. - 47-14A-56. Certificate of trust on file with secretary is notice...
Section 47-14A-57 - Fees-Documents not effective until fee paid. - 47-14A-57. Fees-Documents not effective until fee paid. No document required...
Section 47-14A-58 - Name of business trust to be distinguishable from other businesses--Exception. - 47-14A-58. Name of business trust to be distinguishable from other...
Section 47-14A-59 - Name of person in name of business trust. - 47-14A-59. Name of person in name of business trust. The...
Section 47-14A-60 - Terms contained in name of business trust. - 47-14A-60. Terms contained in name of business trust. The name...
Section 47-14A-61 - Reservation of name. - 47-14A-61. Reservation of name. The exclusive right to the use...
Section 47-14A-62 - Reservation of name--Application--Duration--Transfer--Cancellation. - 47-14A-62. Reservation of name--Application--Duration--Transfer--Cancellation. The reservation of a specified name...
Section 47-14A-63 - Fees for reservation--When paid. - 47-14A-63. Fees for reservation--When paid. Any fee set forth in...
Section 47-14A-64 - Merger or consolidation of business trusts. - 47-14A-64. Merger or consolidation of business trusts. Pursuant to an...
Section 47-14A-65 - Certificate of merger or consolidation to be filed with secretary--Contents. - 47-14A-65. Certificate of merger or consolidation to be filed with...
Section 47-14A-66 - Validity of certain mergers not affected by failure to file certificate. - 47-14A-66. Validity of certain mergers not affected by failure to...
Section 47-14A-67 - Effective date of merger or consolidation. - 47-14A-67. Effective date of merger or consolidation. Unless a future...
Section 47-14A-68 - Certificate of merger or consolidation as certificate of cancellation. - 47-14A-68. Certificate of merger or consolidation as certificate of cancellation....
Section 47-14A-69 - Amendment to or adoption of governing instrument upon merger--Effective date. - 47-14A-69. Amendment to or adoption of governing instrument upon merger--Effective...
Section 47-14A-70 - Rights, property, and obligations of merging entities vest in resulting entity. - 47-14A-70. Rights, property, and obligations of merging entities vest in...
Section 47-14A-71 - Provision for contractual appraisal rights. - 47-14A-71. Provision for contractual appraisal rights. A governing instrument or...
Section 47-14A-72 - Authority of beneficial owner to bring derivative action. - 47-14A-72. Authority of beneficial owner to bring derivative action. A...
Section 47-14A-73 - Qualifications of plaintiff in derivative action. - 47-14A-73. Qualifications of plaintiff in derivative action. In a derivative...
Section 47-14A-74 - Complaint to specify efforts to secure action by trustees. - 47-14A-74. Complaint to specify efforts to secure action by trustees....
Section 47-14A-75 - Costs and attorney's fees of successful derivative action. - 47-14A-75. Costs and attorney's fees of successful derivative action. If...
Section 47-14A-76 - Beneficial owner's right to bring derivative action determined by governing instrument. - 47-14A-76. Beneficial owner's right to bring derivative action determined by...
Section 47-14A-77 - Indemnification of trustee or beneficial owner. - 47-14A-77. Indemnification of trustee or beneficial owner. Subject to such...
Section 47-14A-78 - Absence of indemnity provision in governing instrument not conclusive. - 47-14A-78. Absence of indemnity provision in governing instrument not conclusive....
Section 47-14A-79 - Power of business trust to acquire interest held by beneficial owner. - 47-14A-79. Power of business trust to acquire interest held by...
Section 47-14A-80 - Beneficial owners entitled to obtain certain information. - 47-14A-80. Beneficial owners entitled to obtain certain information. Except to...
Section 47-14A-81 - Trustees entitled to examine certain information. - 47-14A-81. Trustees entitled to examine certain information. Except to the...
Section 47-14A-82 - Trustees authorized to keep certain information confidential. - 47-14A-82. Trustees authorized to keep certain information confidential. Except to...
Section 47-14A-83 - Records maintained in other than written form--Demand for information to be in writing. - 47-14A-83. Records maintained in other than written form--Demand for information...
Section 47-14A-84 - Conversion of existing business entity to business trust--Filing requirements. - 47-14A-84. Conversion of existing business entity to business trust--Filing requirements....
Section 47-14A-85 - Certificate of conversion--Contents. - 47-14A-85. Certificate of conversion--Contents. The certificate of conversion to business...
Section 47-14A-86 - Effective of date of conversion to business trust--Effective date of commencement of business. - 47-14A-86. Effective of date of conversion to business trust--Effective date...
Section 47-14A-87 - Conversion to business trust not to affect liabilities incurred prior to conversion. - 47-14A-87. Conversion to business trust not to affect liabilities incurred...
Section 47-14A-88 - Rights, property, and obligations of converting entities vest in resulting entity. - 47-14A-88. Rights, property, and obligations of converting entities vest in...
Section 47-14A-89 - Conversion deemed continuation of business entity as business trust. - 47-14A-89. Conversion deemed continuation of business entity as business trust....
Section 47-14A-90 - Conversion to be approved under business entity's governing instrument. - 47-14A-90. Conversion to be approved under business entity's governing instrument....
Section 47-14A-91 - Construction of chapter with other laws. - 47-14A-91. Construction of chapter with other laws. The provisions of...
Section 47-14A-92 - Disposition of rights and interests of business entity upon conversion. - 47-14A-92. Disposition of rights and interests of business entity upon...
Section 47-14A-93 - Conversion of business trust to other business entity. - 47-14A-93. Conversion of business trust to other business entity. A...
Section 47-14A-94 - Provisions of law subject to change. - 47-14A-94. Provisions of law subject to change. All provisions of...
Section 47-14A-95 - Construction. - 47-14A-95. Construction. The rule that statutes in derogation of the...
Section 47-14A-96 - Citation of chapter. - 47-14A-96. Citation of chapter. This chapter may be cited as...