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Delaware Application for Cancellation of a Statutory Trust name reservation

Category:
Department of State - Division of Corporations - Name Reservations
State:
Delaware
Control #:
DE-ST-CNCL
Format:
PDF
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Description

Application for Cancellation of a Statutory Trust name reservation
Delaware Application for Cancellation of a Statutory Trust name reservation (also known as Form DSC: 7-13) is a document used to cancel an already existing name reservation for a Delaware Statutory Trust. This document is filed with the Delaware Division of Corporations. It requires the name of the Statutory Trust, the date of filing the original name reservation, the name of the original reserving party, and the address of the original reserving party. The form also requires the signature of the original reserving party or a duly authorized representative. The Delaware Application for Cancellation of a Statutory Trust name reservation is most commonly used when a Statutory Trust is no longer needed, or when the Statutory Trust name has been changed. This form is also used when a Statutory Trust name reservation has expired.

Delaware Application for Cancellation of a Statutory Trust name reservation (also known as Form DSC: 7-13) is a document used to cancel an already existing name reservation for a Delaware Statutory Trust. This document is filed with the Delaware Division of Corporations. It requires the name of the Statutory Trust, the date of filing the original name reservation, the name of the original reserving party, and the address of the original reserving party. The form also requires the signature of the original reserving party or a duly authorized representative. The Delaware Application for Cancellation of a Statutory Trust name reservation is most commonly used when a Statutory Trust is no longer needed, or when the Statutory Trust name has been changed. This form is also used when a Statutory Trust name reservation has expired.

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How to fill out Delaware Application For Cancellation Of A Statutory Trust Name Reservation?

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FAQ

Section 3806 - Management of statutory trust (a) Except to the extent otherwise provided in the governing instrument of a statutory trust, the business and affairs of a statutory trust shall be managed by or under the direction of its trustees.

The Delaware Statutory Trust Act (DSTA) states the trust is a separate legal entity and no creditor of a beneficial owner has any right to obtain possession of any of the property belonging to the trust (See 12 §3805(b)).

Delaware Statutory Trusts typically require a minimum investment of $100,000, and an investor can acquire or exchange into ownership in one or multiple DSTs. DST real estate is generally held for 3 to 10 years.

§ 3807. Trustee in State; registered agent Effective until Aug. 1, 2023. (a) Every statutory trust shall at all times have at least 1 trustee which, in the case of a natural person, shall be a person who is a resident of this State or which, in all other cases, has its principal place of business in this State.

The Delaware Statutory Trust Act; 12 Del. C. §3801 et seq. (the ?Delaware Act?), which was enacted in 1988, provides, among other things, that the business trust is a separate legal entity and that the personal liability of the beneficial owners are limited to the same extent as stockholders in a Delaware corporation.

Unless otherwise specified by its governing instrument, dissolution of a DST requires filing a certificate of cancellation per section 3810(d). The certificate of cancellation is filed with the office of the Secretary of State. Section 3810(d) does outline additional methods for dissolution.

(a) Except to the extent otherwise provided in the governing instrument of the statutory trust, a beneficial owner shall have an undivided beneficial interest in the property of the statutory trust and shall share in the profits and losses of the statutory trust in the proportion (expressed as a percentage) of the

A DST is formed by filing a certificate of trust with the Office of the Secretary of State of the State of Delaware. This certificate states only the name of the trust and the name and address of the Delaware trustee.

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00 per certified copy requested. Download, Fill In And Print Application For Cancellation Of A Statutory Trust Name Reservation - Delaware Pdf Online Here For Free.Certificate of Cancellation Download PDF Application for Reservation of Name Download PDF Application to Cancellation of Reserved Name The corporation forms are available in Adobe Acrobat fill-able format. Certificate of Cancellation. 1. Name of Statutory Trust: (Name must match exactly to the Secretary of State's records.) 2. Name Reservation Renewal Request Form, nameReservationRenewal.pdf. This form can be filled out on your computer and then printed. Subchapter I. General Provisions. App. 1938). Common law business trusts were also not always successful at obtaining the desired tax advantages. See.

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