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The Texas Pacific Land Corporation is a publicly traded real estate operating company with its administrative office in Dallas, Texas. Owning over 880,000 acres (3,600 km 2 ) in 20 West Texas counties, TPL is among the largest private landowners in the state of Texas .
It ruled that if a land trust was set up with some minor duty on the trustee (such as to deed the property to the beneficiaries 20 years later), then the trust would not be considered passive and would be valid. Thus, the land trust in America today is often called an "Illinois-type" land trust or "Illinois Land Trust". [2]
In the United States, off-reservation trust land refers to real estate outside an Indian reservation that is held by the Interior Department for the benefit of a Native American tribe or a member of a tribe. Typical uses of off-reservation trust land include housing, agriculture or forestry, and community services such as health care and ...
From 1873 to 1881 the Texas and Pacific built a total of 972 miles (1,560 km) of track; as a result it was entitled to land grants totalling 12,441,600 acres (50,349 km 2). T&P, however, received land only for the construction of track east of Fort Worth. This meant the firm received only 5,173,120 acres (20,935 km 2).
Disabled Trust Similar to an A&M trust but established for a disabled person. Reverter to Settlor trust A trust where, on the death of the life tenant, the property reverts to the person making the gift. Nil Rate Band Discretionary trust UK inheritance tax is payable at 40% on estates worth over £325,000 for the 2009-2010 tax year.
As of 2021, there were over 1,300 conservation land trusts in the United States, with 446 of these accredited by the Land Trust Accreditation Commission. [1] Some North American conservation land trusts: The Black Family Land Trust [5] Blue Mountain Land Trust [6] Center for Natural Lands Management [7] Crooked Creek Conservancy [4]
Originally formed as the Land Trust Exchange in Boston on February 22, 1982, Allan Spader was named its inaugural director. [3] In 1990, the name of the organization was changed to the Land Trust Alliance and was moved to Washington, D.C. [3] The Land Trust Alliance has sponsored "Rally," a yearly conference of conservation professionals, since ...
A community land trust or (CLT) is a nonprofit corporation that holds land on behalf of a place-based community, while serving as the long-term steward for affordable housing, community gardens, civic buildings, commercial spaces and other community assets on behalf of a community.