Certificate of Conversion From Statutory Trust To Non-Delaware Entity is a document used to convert a statutory trust formed in Delaware to a trust formed in another state. This type of conversion is often used when the trust's assets are located in a state other than Delaware, and the trustees want to take advantage of the laws in that other state. The Certificate of Conversion From Statutory Trust To Non-Delaware Entity is usually prepared by an attorney and signed by all trustees and the state agency responsible for regulating trusts in the state where the trust is being converted. There are two types of Certificate of Conversion From Statutory Trust To Non-Delaware Entity: the conversion of a statutory trust to a common law trust and the conversion of a statutory trust to a non-statutory trust. A common law trust is one that is created in accordance with the laws of the state where the trust is formed. A non-statutory trust is one that is created outside the state’s normal trust law and is often used to provide a greater degree of privacy or flexibility.
Certificate of Conversion From Statutory Trust To Non-Delaware Entity is a document used to convert a statutory trust formed in Delaware to a trust formed in another state. This type of conversion is often used when the trust's assets are located in a state other than Delaware, and the trustees want to take advantage of the laws in that other state. The Certificate of Conversion From Statutory Trust To Non-Delaware Entity is usually prepared by an attorney and signed by all trustees and the state agency responsible for regulating trusts in the state where the trust is being converted. There are two types of Certificate of Conversion From Statutory Trust To Non-Delaware Entity: the conversion of a statutory trust to a common law trust and the conversion of a statutory trust to a non-statutory trust. A common law trust is one that is created in accordance with the laws of the state where the trust is formed. A non-statutory trust is one that is created outside the state’s normal trust law and is often used to provide a greater degree of privacy or flexibility.
