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The Rockefeller-Morgan Family Tree (1904), which depicts how the largest trusts at the turn of the 20th century were in turn connected to each other. A trust or corporate trust is a large grouping of business interests with significant market power, which may be embodied as a corporation or as a group of corporations that cooperate with one another in various ways.
The trust was an addition to the law of property, in the situation where one person held legal title to property but the courts decided it was fair just or "equitable" that this person be compelled to use it for the benefit of another. This recognised as a split between legal and beneficial ownership: the legal owner was referred to as a ...
Meaning a loss that results from no one's wrongdoing. In Roman law, a person is not responsible for unintended, consequential injury to another that results from a lawful act. This protection does not necessarily apply to unintended damage caused by one's negligence or folly. dat deus incrementum, or, deus dat incrementum: God gives growth
Irrevocable trust: In contrast to a revocable trust, an irrevocable trust is one in which the terms of the trust cannot be amended or revised until the terms or purposes of the trust have been completed. Although in rare cases, a court may change the terms of the trust due to unexpected changes in circumstances that make the trust uneconomical ...
English trust law concerns the protection of assets, usually when they are held by one party for another's benefit. [4] Trusts were a creation of the English law of property and obligations, and share a subsequent history with countries across the Commonwealth and the United States.
Trust metric, a measurement of the degree to which group members trust each other, as in online networking Trusted system , a computerized system relied on to enforce a security policy Web of trust , a system used in cryptography to establish authenticity
Thus, the land trust in America today is often called an "Illinois-type" land trust or "Illinois Land Trust". [2] Land trusts have been actively used in Illinois for over a hundred years and in recent decades have begun to be used in other states. The declaration of a trust is through a "deed to trustee". If the trust is filed as a public ...
Similarly, molestation by a person in a position of trust is also a criminal offence in Singapore punishable by imprisonment. [8] In the Netherlands, incest itself is not prosecutable, [citation needed] but if an adult commits incest with a family member that is a minor, the adult can be prosecuted for abusing his/her position of trust. The ...