derivative trust
Definition
Trust that follows (is derived from) another trust so that the beneficiaries of the main trust become the trustees of the derived trust. For example, A and B manage a trust fund for C and D who, in due course, declare themselves to be the trustees of the same trust fund for the benefit of their own children. Also called sub trust.
derivative trust is in the Corporate, Commercial, & General Law subject.
derivative trust appears in the definition of the following term: sub trust
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