Trust has long been a competitor of corporation as a form of busi-ness organization. Though corporation today dominates trust for operat-ing enterprises, trust dominates corporation in certain specialized niches. The market value of these niches measures in the trillions of dollars. Yet the modern business trust has only recently begun to be subjected to scholarly inquiry. Accordingly, this essay outlines a research agenda for the study of the trust—in particular, the modern statutory business trust—as a form of business organization. Put into the parlance of the confer-ence on which this symposium issue is based, this essay is a call for re-search on the business trust as “uncorporation.”
The full text of this Symposium is available to download as a PDF.