statutory trust



Trust created by operation of law where a real property is held by trustees for immediate or eventual sale at their discretion. All income from the property prior to its sale, and all proceeds of its sale, are held in trust for the benefit of the trust's beneficiaries.

Use statutory trust in a sentence

Related Videos

Have a question about statutory trust? Ask for help in the
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z