Jersey trust definition

Jersey trust means a trust whose proper law is the law of Jersey;
View Source

Examples of Jersey trust in a sentence

  • 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.

  • Absence of local taxation - as mentioned above, a Jersey trust with no Jersey resident beneficiaries will suffer no Jersey taxation whatever.

  • There are particular reasons for choosing a Jersey trust: Confidentiality - there is no register of Jersey trusts, or any requirement whatever that the existence of a Jersey trust be made known to any person other than those involved in its establishment.

  • A trust can avoid this and, in the case of a Jersey trust, the Jersey courts will not entertain a claim to set aside any trust which is based upon forced heirship rights of a foreign jurisdiction.

Related to Jersey trust

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

  • the Academy Trust means the company intended to be regulated by these Articles and referred to in Article 2;

  • Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq., as the same may be amended from time to time.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • 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.