Jersey trust definition

Jersey trust means a trust whose proper law is the law of Jersey;
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Examples of Jersey trust in a sentence

  • UK AgreementAny Jersey trust that is an Investment Entity, even if professionally managed, may appoint a Jersey sponsoring entity to undertake its due diligence and reporting responsibilities.

  • Consequently, our preferred Jersey trust company will provide two directors to monitor the company and ensure its tax residency in Jersey.

  • Thomas Everett decried that the bill as worse than “the notorious New Jersey trust law” and condemned Amalgamated Copper for forcing it upon the legisla- ture.91 Everett exhorted:The most baleful power of the trusts is not that of fixing prices.

  • It is clear that the choice of categories, and creation of trusts is significantly shaped by this policy decision of the Jersey trust law.

  • Nonetheless, it remains the case that the Royal Court is not subordinate to the English Court of Appeal.”123 120 B Trust, [2006 JLR 562, 571].121 Art 9.122 Fn 18 at 90.123 [2013(1) 1] at 9.The Jersey trust carries its distinctive civilian hue: this is clothed within the English and Commonwealth categories of trusts.

  • FREIT’s Declaration of Trust and New Jersey law permit, and the Maryland General Corporation Law (“MGCL”) permits, the merger of a New Jersey trust with and into a Maryland corporation.

  • This analysis prompts the question whether the trustee becomes in a Jersey trust, a lunga manus or alter ego of the settlor.

  • The application fee is payable in respect of:2.1.1 Any AIF registered in Jersey (company, limited partnership or limited liability partnership); or2.1.2 Any AIF which is a Jersey trust that is a unit trust.

  • This may not be entirely fair, since it is perfectly possible and legitimate to create a Jersey trust with a trustee operating at arm’s length and independently.

  • The defining factors remain patrimony, property interests, and rights and obligations, these underlining the civilian character of the Jersey trust.

Related to Jersey trust

  • Family Trust means, with respect to any natural Person, a trust, limited partnership or limited liability company benefiting solely such individual and/or the Family Members of such individual.

  • unit trust means any trust established for the purpose, or having the effect, of providing facilities for the participation by persons as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property.

  • Citigroup Trust means each of Citigroup Capital III, Citigroup Capital XIII and Citigroup Capital XVIII, each a Delaware statutory trust, or any other similar trust created for the purpose of issuing preferred securities in connection with the issuances of junior subordinated notes under the junior subordinated debt indentures or the junior junior subordinated debt indenture.