Resulting trust definition

Resulting trust means a trust that arises in favor of the settlor or the settlor’s successor’s interest on the failure of an express trust in whole or in part.
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Resulting trust means a trust that arises in favor of the settlor or the settlor’s successor’s
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Resulting trust means a statutory trust formed as a consequence of a division (6) “Surviving trust” means a dividing trust that survives the division.
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Examples of Resulting trust in a sentence

  • Resulting trust arises - houses result back to testator's estate.According to deed, daughter M had a bare power of selection.

  • Resulting trust arises - houses result back to testator's estate.Ratio: The portion of the property to be received by each Beneficiary must be made clear - or the trustee must be vested with the discretion to decide each Beneficiary's portion.

  • Resulting trust Conflict of laws Application of Part Application of section 14 property Family home Ownership of shares Residence on farmland, etc.

  • Resulting trust arise by operation of law and are generally created where an express trust fails, or where an express trust terminates prior the exhaustion of the trust estate, or where one person pays for property and another takes title.

  • Sunday, 21 October 201811:31 AM IntroductionA constructive trust is one imposed by law which means the intention of the parties subject to a constructive trust is not necessarily a requirement for its application.• Constructive trust - no actual, implied, or presumed intention needed.• Express trust - actual or implied intention.• Resulting trust - arises by way of a presumed intention on the part of a creator.

  • Resulting trust Automatic resulting trust Failure of express of trust Invalid trust provisions Failure to dispose of entire beneficial interest Surplus funds (Abbott; Barrett): Whether settlor intended an outright gift subject to condition or a gift to effect a purpose ( surplus held on trust).

  • Resulting trust are intent enforcing devices that arise by operation of law and the presumed intent of the parties distilled from their conduct.

  • He declined to concur.Issue: Are there any grounds upon which the court can make B re-transfer back the stockCommentary Resulting trust is only a presumption and the court will not undermine a gift intention w/ a presumption.

  • There will then be a resulting trust or the property back to estate or testator.▪ Resulting trust ‘scoops up’ beneficial interest that has not been disposed of under express trust.2. Where title to property is transferred, but presumed that the transferor does not intend to dispose of beneficial interest in that property.

  • Change in method of holding title (CC§682) Disclaimer (PC§190)Name change (CC§1096) Involuntary trust (CC§§2223-2224) Resulting trust (CC§853)Adverse claim (PC§851.5)Provide the signatures of all persons party to the transaction and indicate the method of holding title, such as joint tenancy, tenancy-in-common, etc.


More Definitions of Resulting trust

Resulting trust means a statutory trust formed as a consequence of a division
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Related to Resulting trust

  • Voting Trust has the meaning set forth in Section 2.2(b).

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

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

  • Income trust means a trust that is not a unitrust.

  • Litigation Trust means the trust to be established on the Plan Implementation Date at the time specified in section 6.4(p) in accordance with the Litigation Trust Agreement pursuant to the laws of a jurisdiction that is acceptable to SFC and the Initial Consenting Noteholders, which trust will acquire the Litigation Trust Claims and will be funded with the Litigation Funding Amount in accordance with the Plan and the Litigation Trust Agreement.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

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

  • First trust means a trust over which an authorized fiduciary may exercise the decanting power.

  • Voting Trust Agreement means the Voting Trust Agreement entered into ---------------------- as of April 15, 1996 by and among Xxxxxx X. Xxxx; Xxxxx X. Xxxx, Xx.; Xxxxx X. Xxxx, Xx.; and F. Xxxxxx Xxxxxxx as the Voting Trustees and the stockholders of LSAI Holding Corp. who are parties thereto.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • BlackRock Funds and “Trustees of BlackRock Funds” refer respectively to the trust created and the Trustees, as trustees but not individually or personally, acting from time to time under a Declaration of Trust dated December 22, 1988, as amended, which is hereby referred to and a copy of which is on file at the office of the State Secretary of the Commonwealth of Massachusetts and at the principal office of the Fund. The obligations of “BlackRock Funds” entered into in the name or on behalf thereof by any of the Trustees, officers, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, officers, representatives or agents of the Fund personally, but bind only the Trust Property (as defined in the Declaration of Trust), and all persons dealing with any class of shares of the Fund must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Fund.

  • Virginia real estate investment trust means a real estate investment trust, as defined in 26 U.S.C.

  • Underlying Trust Means the "Trust Fund" as defined in the Underlying Agreement.

  • DST means the Department of Science and Technology of the Central Government;

  • Plan Trust means the trust governed by the Plan.

  • Blind Trust means an independently managed trust in which the employee-beneficiary has no management rights and in which the employee-beneficiary is not given notice of alterations in or other dispositions of the property subject to the trust.

  • Surviving Partnership has the meaning set forth in Section 11.2.B(ii) hereof.

  • Real estate investment trust means any corporation, trust or association qualifying and electing to be taxed as a real estate investment trust under federal law.

  • the Macfarlane Trust means the charitable trust, established partly out of funds provided by the Secretary of State to the Haemophilia Society, for the relief of poverty or distress among those suffering from haemophilia;

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • Litigation Trust Agreement means the trust agreement dated as of the Plan Implementation Date, between SFC and the Litigation Trustee, establishing the Litigation Trust.

  • Enterprise Fund means the enterprise fund of the Recipient in which Revenues are deposited.

  • DSTA means the Delaware Statutory Trust Act (12 Del. C. § 3801, et seq.), as amended from time to time;

  • 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.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

Most Referenced Clauses

Most Referenced Definitions