resulting trust

resulting trust
A trust, sometimes called a presumptive trust, but a real trust raised by operation, implication, or presumption of law from acts, relations, or the situation of the parties from which air intent to create a trust appears. Dunn v Zwilling Bros. 94 Iowa 233, 237; Swon v Huddleston (Mo) 282 SW2d 18, 55 ALR2d 205. A trust arising in a transaction whereby one person thereby becomes invested with legal title but is obligated in equity to hold such title for the benefit of another, the intention of the person acquiring the legal title to hold in trust for the other being implied or presumed as it matter of law, although no intention to create or hold in trust has been manifested expressly and there is air absence of fraud actual or constructive. Farmers & T. Bank v Kimball Milling Co. I SD 388, 47 NW 402. A trust arising where property is transferred under circumstances giving rise to an inference that the person who made the transfer or caused it to be made did not intend the transferee to take the beneficial interest in the property. Moses v Moses, 140 NJ Eq 575, 53 A2d 805, 173 A LR 273. A trust arising where title to real or property is taken in the name of one other than the person advancing the consideration. Arneman v Arneman, 43 Wash 2d 787, 264 P2d 256, 45 ALR2d 370.

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • resulting trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. resulting trust …   Law dictionary

  • Resulting trust — A resulting trust (from the Latin resultare meaning to jump back ) is a situation where property results back to the transferor. In this instance, the word result means in the result, remains with , or something similar to revert except that in… …   Wikipedia

  • Resulting trust — Result Re*sult , v. i. [imp. & p. p. {Resulted}; p. pr. & vb. n. {Resulting}.] [F. r[ e]sulter, fr. L. resultare, resultarum, to spring or leap back, v. intens. fr. resilire. See {Resile}.] 1. To leap back; to rebound. [Obs.] [1913 Webster] The… …   The Collaborative International Dictionary of English

  • resulting trust — noun a trust created by a court when it is judged that it was the intention of the parties to create a trust • Hypernyms: ↑implied trust * * * noun : a trust based upon the presumed intentions of the parties as inferred from all the circumstances …   Useful english dictionary

  • resulting trust — noun A trust that is implied in law, under which property entrusted to one party is not to be used for the benefit of that party, but for that party to use for the benefit of a third party …   Wiktionary

  • purchase money resulting trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …   Law dictionary

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

  • Trust law — In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts… …   Wikipedia

  • Trust (Recht) — Ein Trust ist im juristischen Sinn eine von einer Person unter Lebenden[1] oder für den Todesfall[2] geschaffenen Rechtsbeziehung,[3] wenn Vermögen zugunsten eines Begünstigten oder für einen bestimmten Zweck abgesondert und der gebundenen… …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”