business trust

A form of business organization, similar to a corporation, in which investors receive transferable certificates of beneficial interest (instead of stock shares).

— Also termed Massachusetts trust; common-law trust. [Cases: Joint–Stock Companies and Business Trusts 1, 8. C.J.S. Business Trusts §§ 2–8, 10–12, 17–18, 37; Joint Stock Companies§§ 2–4, 6, 11.]

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词条贡献者

资深译员维皓，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与反垄断诉讼有关的法律文件。