Subchapter III. Governing Law; Authorization; Duration; Powers. § 29–1203.01. Governing law. § 29–1203.02. Statutory trust as entity. § 29–1203.03. Permissible purposes. § 29–1203.04. Limitation on liability of trustees and beneficial owners. § 29–1203.05. No creditor rights in trust property. § 29–1203.06. Duration. § 29–1203.07. Power to hold property; title to trust property. § 29–1203.08. Power to sue and be sued.