From Longman Business Dictionarydeclaˌration of ˈtrust noun (plural declarations of trust) [countable usually singular] a statement in which a TRUSTEE officially says that property is held for someoneAs both the husband and the wife have an interest in the property, each should be provided...
A declaration of trust has a different meaning in the U.K. There, it establishes the joint ownership of a property that is being held for the benefit of one or more individuals other than the official owner. It is governed by the Trustee Act of 2000. The U.S. and the U.K. have d...
Declaration of Trust An assertion by a property owner that he or she holds the property or estate for the benefit of another person, or for particular designated objectives. The term also signifies the deed or other instrument that contains the statement—which may be either written or oral, ...
A declaration of trust is one of the two ways that aninter vivos trust, also known as a living trust, can be set up. A declaration of trust is where the person setting up the trust (the settlor) wants to retain legal title in the property, so they make themselves thetrustee, giving...
“Preferred Security” means a security representing a preferred undivided beneficial interest in the assets of the Trust with such terms as may be set out in any amendment to this Declaration. “Property Trustee”has the meaning set forth in Section 3.4. ...
The meaning of DECLARATION is the act of declaring : announcement. How to use declaration in a sentence.
“TheProtector”meansof ,andanyotherpersonsodesignatedundertheterms ofthisDeclarationandDeed. (e)“Property”meansreal,personal,moveableorimmovablepropertyofany descriptionandwheresoeversituateincludingpolicies,cashandchosesin action; (f)“TheTrustFund”meansthesaidpropertyspecifiedintheFirst Scheduleheretowhich...
this Trust has been formed as a voluntary association with transferable shares under the laws of the Commonwealth ofMassachusettsto carry on the business of an investment company; and WHEREAS, the Trustee has agreed to manage all property coming into his hands as Trustee of a voluntary association...
AGREEMENT AND DECLARATION OF TRUST --- filed by Voyageur Intermediate Tax Free Funds on August 16th, 1999
Self-Directed Life Income Fund (LIF) Scotia Self-Directed Locked-in Retirement Income Fund (LRIF) Scotia Self-Directed Manitoba Prescribed RRIF (PRRIF) Scotia Self-Directed Saskatchewan Prescribed RRIF (PRRIF) Scotia Self-Directed Federal Restricted Life Income Fund (RLIF) Declaration of Trust 1....