Trustee: Difference between revisions

Revision as of 14:08, 15 June 2019

The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™

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One who holds the beneficial interest in something to which it has legal title on trust for someone else (that someone else being a “beneficiary”). In English law, a trust has no legal personality distinct from the trustee who constitutes it; in America and other far-flung places the trust itself (as distinct from its trustees) has its own ontological identity and may sue and be sued.

Known on the continent (though they hotly deny it) as a “fiduciary”.

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-One who holds the [[beneficial interest]] in something to which it has [[legal title]] on {{tag|trust}} for someone else (that someone else being a “[[beneficiary]]”). In {{tag|English law}}, a [[trust]] has no [[legal personality]] distinct from the [[trustee]] who constitutes it; in America and other far-flung places the trust itself (as distinct from its [[Trustee|trustees]]) has its own ontological identity and may sue and be sued.
+{{g}}One who holds the [[beneficial interest]] in something to which it has [[legal title]] on {{tag|trust}} for someone else (that someone else being a “[[beneficiary]]”). In {{tag|English law}}, a [[trust]] has no [[legal personality]] distinct from the [[trustee]] who constitutes it; in America and other far-flung places the trust itself (as distinct from its [[Trustee|trustees]]) has its own [[Ontological certainty|ontological]] identity and may sue and be sued.
+Known on the continent (though they hotly deny it) as a “[[fiduciary]]”.
-{{seealso}}
+{{sa}}
 *[[Trust]]
 *[[Fiduciary]]
 {{draft}}