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named also common-regulation believe in, Massachusetts have confidence in Notice: A have confidence in that qualifies as a business have confidence in is eligible for bankruptcy protection under chapter 13 of the Individual bankruptcy Code.
compare ensuing believe in On this entry : an equitable solution to forestall unjust enrichment by imposing a constructive believe in — credit history shelter trust : bypass have confidence in With this entry — Crummey trust
In addition they acquire certificates as proof in their curiosity within the believe in, which provides the holder with the legal rights of a shareholder except for voting rights.
an arrangement among two or even more corporations to operate alongside one another illegally, for example to control prices:
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a : a fiduciary marriage by which one particular get together holds legal title to a different's home for the good thing about a party who retains equitable title for the house b : an entity ensuing from the institution of this type of partnership
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