Trustee: Difference between revisions
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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 English law, a [[trust]] has no [[legal personality]] distinct from the trustee who | 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. | ||
{{seealso}} | |||
*[[Trust]] | |||
*[[Fiduciary]] | |||
{{draft}} | |||
Revision as of 16:52, 26 July 2018
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.