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Trusteeship (other)
Trusteeship is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust. Trusteeship may also refer to: *Trust law, a three-party fiduciary relationship *Trusteeship (Gandhism), a socio-economic philosophy *United Nations Trusteeship, Chapter XII of the United Nations Charter *United Nations Trusteeship Council, one of the six principal organs of the United Nations See also *Trustee (other) A trustee is a legal term for a holder of property on behalf of a beneficiary. Trustee or trusty may also refer to: Stewardship * Board of trustees, a group of people who jointly supervise the activities of an organization ** Trustee-in-trust ...
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Trusteeship
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 to transfer the title of ownership to the person named as the new owner, in a trust instrument, called a beneficiary. A trustee can also be a person who is allowed to do certain tasks but not able to gain income, although that is untrue.''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, the more expansive sense encompasses persons who serve, for example, on the 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 can be set up either to benefit particular persons, or for any charitable purposes (but not generally for non-charitable ...
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Trust Law
A trust is a legal relationship in which the holder of a right gives it to another person or entity who must keep and use it solely for another's benefit. In the Anglo-American common law, the party who entrusts the right is known as the "settlor", the party to whom the right is entrusted is known as the "trustee", the party for whose benefit the property is entrusted is known as the " beneficiary", and the entrusted property itself is known as the "corpus" or "trust property". A ''testamentary trust'' is created by a will and arises after the death of the settlor. An ''inter vivos trust'' is created during the settlor's lifetime by a trust instrument. A trust may be revocable or irrevocable; an irrevocable trust can be "broken" (revoked) only by a judicial proceeding. The trustee is the legal owner of the property in trust, as fiduciary for the beneficiary or beneficiaries who is/are the equitable owner(s) of the trust property. Trustees thus have a fiduciary duty to manage th ...
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Trusteeship (Gandhism)
Trusteeship is a socio-economic philosophy that was propounded by Mahatma Gandhi. M. K. Gandhi, Compiled by Ravindra Kelekar, Trusteeship, April 1960, Printed and Published by : Jitendra T. Desai Navajivan Mudranalaya, Ahemadabad-380014 India, It provides a means by which the wealthy people would be the trustees of trusts that looked after the welfare of the people in general. This concept was condemned by socialists as being in favor of the landlords, feudal princes and the capitalists, opposed to socialist theories. Gandhi believed that the wealthy people could be persuaded to part with their wealth to help the poor. Putting it in Gandhiji's words "Supposing I have come by a fair amount of wealth – either by way of legacy, or by means of trade and industry – I must know that all that wealth does not belong to me; what belongs to me is the right to an honourable livelihood by millions of others. The rest of my wealth belongs to the community and must be used for the welfare ...
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United Nations Trusteeship
Chapter XII of the United Nations Charter deals with the international trusteeship system. It reaffirms the twin goals mentioned in Chapter XI to "promote the political, economic, social, and educational advancement of the inhabitants of the trust territories, and their progressive development towards self-government or independence". It also provides that the trusteeship system applies to: *territories now held under mandate; *territories which may be detached from enemy states as a result of the Second World War World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...; and *territories voluntarily placed under the system by states responsible for their administration. Application is not automatic, but the trusteeship system is not imposed by the Charter on any territories. Its applic ...
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United Nations Trusteeship Council
The United Nations Trusteeship Council (french: links=no, Conseil de tutelle des Nations unies) is one of the six principal organs of the United Nations, established to help ensure that trust territories were administered in the best interests of their inhabitants and of international peace and security. The trust territories—most of them former mandates of the League of Nations or territories taken from nations defeated at the end of World War II—have all now attained self-government or independence, either as separate nations or by joining neighbouring independent countries. The last was Palau, formerly part of the Trust Territory of the Pacific Islands, which became a member state of the United Nations in December 1994. History Provisions to form a new UN agency to oversee the decolonization of dependent territories from colonial times were made at the San Francisco Conference in 1945 and were specified Chapter 12 of the Charter of the United Nations. Those dependent ...
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