Trust Relationship. A trust (and not a partnership, joint stock association, corporation, limited liability company, bailment or any other non-trust relationship), is created by this Declaration. The relationship of the Shareholders to the Trustees is solely that of cestuis que trustent, and neither the Shareholders nor the Trustees are partners.
Appears in 2 contracts
Sources: Agreement and Declaration of Trust (Extra Space Storage Inc.), Agreement and Declaration of Trust (Extra Space Storage Inc.)