Sec. 34-502a. Purposes of statutory trust.
Sec. 34-502a. Purposes of statutory trust. 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.
(P.A. 98-137, S. 32, 62; 98-219, S. 33, 34.)
History: P.A. 98-137, a reenactment of a former provision of Sec. 34-501(2), effective July 1, 1998; P.A. 98-219 revised
effective date of P.A. 98-137, but without affecting this section.