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"Statutory" Trust Differentiated From Regular

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How can a "Statutory" trust be differentiated from a regular trust? What specifically should be present for a trust to be a statutory trust and is it just the fact that there is a filing with the Secretary of State?

A full response to your question would require a legal treatise that no one here is competent to write... A couple Google searches can give you a perspective:

Search 1: statutory trust definition

Search 2: [your state] statutory trust

The first search will demonstrate that there are many definitions. The second will let you know if the concept is even relevant in your state.

First published on 06/10/2018

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