Sec. 34-502a. Purposes of statutory trust.
43 words·~1 min read·
/ct/title-34/chapter-615-statutory-trusts/34-502a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A statutory trust may be organized to carry on any lawful business or activity, whether or not conducted for profit, and for any lawful purpose, including, without limitation, holding or otherwise taking title to property, whether in an active, passive or custodial capacity.