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Common-Law Trust

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More commonly known as a Business Trust or a Massachusetts trust. A business organization for investment purposes by which trustees manage and control property for the benefit of beneficiaries who are protected against personal liability for any losses incurred.



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A fourth variation involved an otherwise standard form of common-law trust that was settled under the laws of a foreign tax-haven jurisdiction, with the funds deposited in a local bank in that tax haven.
The notes will be issued in series by special purpose Delaware statutory or common-law trusts and each series of notes will be secured by one or more funding agreements issued by Protective Life.
 
 
 
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