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Trustee
TrusteeEstates. A trustee is one to whom an estate has been conveyed in trust. RELATED TERMS-------------------------------------- Trustee Estates. A trustee is one to whom an estate has been conveyed in trust. Estate A right or interest in property or the property of a deceased person. Trust Contracts, devises. An equitable right, title or interest in property, real or personal, distinct from its legal ownership; or it is a personal obligation for paying, delivering or performing anything, where the person trusting has no real. right or security, for by, that act he confides altogether to the faithfulness of those intrusted. This is its most general meaning, and includes deposits, bailments, and the like. In its more technical sense, it may be defined to be an obligation upon a person, arising out of a confidence reposed in him, to apply property faithfully, and according to such confidence. SIMILAR TERMS-------------------------------------- Trust Contracts, devises. An equitable right, title or interest in property, real or personal, distinct from its legal ownership; or it is a personal obligation for paying, delivering or performing anything, where the person trusting has no real. right or security, for by, that act he confides altogether to the faithfulness of those intrusted. This is its most general meaning, and includes deposits, bailments, and the like. In its more technical sense, it may be defined to be an obligation upon a person, arising out of a confidence reposed in him, to apply property faithfully, and according to such confidence. Trust agreement or declaration The legal document that sets up a living trust. Testamentary trusts are set up in a will. Trustee de son tort A trustee "of his own wrong"; a person who is not a regularly appointed trustee but because of his or her intermeddling with the trust and the exercise of some control over the trust property, can be held by a court as "constructive" trustee which entails liability for losses to the trust. Trustee process Practice. In Massacchusetts, this is a process given by statute, in imitation of the foreign attachment of the English law. Truster He who creates a trust. A convenient term used in the laws of Scotland. PREVIOUS AND NEXT TERMS-------------------------------------- Truce International law. An agreement between belligerent parties, by which they mutually engage to forbear all acts of hostility against each other for some time, the war still continuing. True bill Practice. These words are endorsed on a bill of indictment, when a grand jury, after having heard the witnesses for the government, are of opinion that there is sufficient cause to put the defendant on his trial. Formerly, the endorsement was Billa vera, when legal proceedings were in Latin; it is still the practice to write on the back of the bill Ignoramus, when the jury do not find it to be a true bill. True conflict A legal problem where one or more jurisdictions has a genuine interest in having its law applied. Brainerd Currie (supra) was instrumental in developing the distinction between true and false conflicts. Trust Contracts, devises. An equitable right, title or interest in property, real or personal, distinct from its legal ownership; or it is a personal obligation for paying, delivering or performing anything, where the person trusting has no real. right or security, for by, that act he confides altogether to the faithfulness of those intrusted. This is its most general meaning, and includes deposits, bailments, and the like. In its more technical sense, it may be defined to be an obligation upon a person, arising out of a confidence reposed in him, to apply property faithfully, and according to such confidence. Trust agreement or declaration The legal document that sets up a living trust. Testamentary trusts are set up in a will. Trustee Trustee de son tort A trustee "of his own wrong"; a person who is not a regularly appointed trustee but because of his or her intermeddling with the trust and the exercise of some control over the trust property, can be held by a court as "constructive" trustee which entails liability for losses to the trust. Trustee process Practice. In Massacchusetts, this is a process given by statute, in imitation of the foreign attachment of the English law. Truster He who creates a trust. A convenient term used in the laws of Scotland. Truth The actual state of things. Truth in lending Statutes which provide that precise and meaningful cost of credit information be provided to the credit customer. We thank you for using the Juridical Dictionary to search for Trustee. If you have a better definition for Trustee than the one presented here, please let us know by making use of the suggest a term option. This definition of Trustee may be disputed by other professionals. Our attempt is to provide easy definitions on Trustee and any other medical topic for the public at large.
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