The Uniform Statutory Trust Entity Act: A Review
Thomas E. Rutledge
Stoll Keenon Ogden PLLC
Ellisa Opstbaum Habbart
The Delaware Counsel Group LLP
June 22, 2010
Business Lawyer; Volume 65, August 2010
The Uniform Statutory Trust Entity Act, the most recent product of the National Conference of Commissioners on Uniform State Laws in the area of business entity legislation, is intended to render uniform the statutory (i.e., "business") trust across the various states. Currently, business trust legislation is widely disparate across the various states, and many of the existing statutes are at best skeletal. This Act has the objective of rendering the business trust more effective as a form of organization by addressing many issues that are typically seen in other business entity laws, while at the same time seeking to minimize both unexpected and, in certain places, undesirable results otherwise dictated by applicable trust law. This Article both reviews the workings of this new uniform act and identifies issues and deficiencies therein.
Number of Pages in PDF File: 50Accepted Paper Series
Date posted: June 22, 2010 ; Last revised: September 9, 2010
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