Definify.com
Definition 2024
resulting_trust
resulting trust
English
Noun
resulting trust (plural resulting trusts)
- (law) 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.
See also
Translations
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
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