declaration of trust


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declaration of trust

A written statement that one who holds the legal title to property does so in trust for another,being the beneficiary.

References in periodicals archive ?
Executing a declaration of trust is an important mechanism for parents providing the funds for a property deposit to ensure their financial investment is protected in the event of a breakdown of the relationship between their child and partner.
35) They vote on other important matters, such as the amendment of the declaration of trust, the sale of all or substantially all of the trust assets, or the dissolution of the trust.
He knew that the Declaration of Trust was a significant step to be taken by the club to enable Mr Guterman and him to redevelop the ground as part of the Wrexham Project.
Declaration of Trust When buying a property with another person, particularly if you are tenants in common, it is advisable that you should sign a Declaration of Trust.
Ideally, the declaration of trust should be put in place at the time the property is purchased.
The property I live in is governed by a declaration of trust.
Draw up a document called a Declaration of Trust setting out your respective shares in the property.
Lewin, that the Board of Trustees has reduced the number of Trustees from eight to seven, in accordance with the Fund's Amended and Restated Declaration of Trust, as amended.
A Declaration of Trust is a document that formally records that you hold the property as tenants in common and sets out your respective shares in the property.
However, in principle, this Declaration of Trust would prejudice the interest of the lender as it would be an acknowledgement on your wife's part that she did not actually provide all the funds, over and above the mortgage advance, towards the purchase price.
Additionally, shareholders voted to approve an amendment to the Company's Amended and Restated Declaration of Trust, suspending the requirement that the Company make a minimum distribution to its shareholders in connection with net taxable income that is allocable to shareholders.
The Board of Trustees of Accredited REIT may declare additional dividends or distributions to the holders of its preferred shares if, as and to the extent determined in the sole discretion of its Board of Trustees, subject to the provisions of law and the Declaration of Trust of Accredited REIT, as amended and supplemented to date.
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