MLchartDataset catalogue

Express trust

Term · Law · MLC-T-LAW-002003

A fiduciary arrangement created intentionally by a settlor, typically in writing, to transfer property to a trustee for the benefit of designated beneficiaries. The terms and conditions of the trust are clearly stated and defined. This type of trust is formed through a deliberate act, as opposed to a constructive or resulting trust which arises by operation of law.

Table 1. Record
IdentifierMLC-T-LAW-002003
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002003",
  "term": "Express trust",
  "field": "Law",
  "definition": "A fiduciary arrangement created intentionally by a settlor, typically in writing, to transfer property to a trustee for the benefit of designated beneficiaries. The terms and conditions of the trust are clearly stated and defined. This type of trust is formed through a deliberate act, as opposed to a constructive or resulting trust which arises by operation of law.",
  "url": "https://mlchart.com/terminology/law/express-trust/"
}

Record 1,901 of 5,441 in Law terminology (MLC-0107). Request the full dataset.