land trust

land trust
land trust see trust

Merriam-Webster’s Dictionary of Law. . 1996.

land trust
A form of trust in which a trustee holds legal title to a piece of property but the beneficiary has the power to direct the trustee, manage the property, and receive income from it; also called an Illinois land trust.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

land trust
An agreement by which a trustee holds ownership of land for the benefit of an individual or entity. Land trusts are often used by nonprofit organizations for conservation purposes, by large corporations to amass significant landholdings, and by individuals to keep their names out of the public records.
Category: Business, LLCs & Corporations

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

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