North Carolina § 39-44 - Definition.
Full text of North Carolina North Carolina General Statutes § 39-44 — Definition., with citation guidance and answers to common questions.
§ 39-44. Definition.
The term "business trust" whenever used or referred to in this Article shall mean any unincorporated association, including an Illinois land trust, a Delaware statutory trust, or a Massachusetts business trust, engaged in any business or trade under a written instrument or declaration of trust under which the beneficial interest therein is divided into shares represented by certificates or shares of beneficial interest. History (1977, c. 768, s. 1; 2009-174, s. 1.) Effect of Amendments. - Session Laws 2009-174, s. 1, effective October 1, 2009, and applicable to all instruments recorded on or after that date, substituted "an Illinois land trust, a Delaware statutory trust, or" for "but not limited to" near the middle. Legal Periodicals. - For survey of 1977 law on business associations, see 56 N.C.L. Rev. 939 (1977).
Frequently Asked Questions About North Carolina § 39-44
What does North Carolina General Statutes § 39-44 cover?
Section 39-44 ("Definition.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 39-44?
A common citation format is "North Carolina General Statutes § 39-44" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 39-44 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.