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Trustee (Amendment) Act 1979
Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility for the benefit of another. A trustee can also be a person who is allowed to do certain tasks but not able to gain income.''Black's Law Dictionary, Fifth Edition'' (1979), p. 1357, . Although in the strictest sense of the term a trustee is the holder of property on behalf of a beneficiary (trust), beneficiary, the more expansive sense encompasses persons who serve, for example, on the Board of directors, board of trustees of an institution that operates for a charity, for the benefit of the general public, or a person in the local government. A Trust law, trust can be set up either to benefit particular persons, or for any Charitable trust, charitable purposes (but not generally for non-charitable purposes): typical examples are a testamentary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Term
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