Draft Common Frame of Reference:X. — 1:203 Parties to a trust

Draft Common Frame of Reference

X. — 1:203 Parties to a trust

Geldend

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

(1)

The truster is a person who constitutes or intends to constitute a trust by juridical act.

(2)

The trustee is the person in whom the trust fund becomes or remains vested when the trust is created or subsequently on or after appointment and who has the obligation set out in X. — 1:201 (Definition of a trust).

(3)

A beneficiary is a person who, according to the trust terms, has either a right to benefit or an eligibility for benefit from the trust fund.

(4)

A trust auxiliary is a person who, according to the trust terms, has a power to appoint or remove a trustee or to consent to a trustee's resignation.

(5)

Except as otherwise provided for by this Book:

(a)

a truster may also be a trustee or a beneficiary;

(b)

a trustee may also be a beneficiary; and

(c)

any of those parties to a trust may also be a trust auxiliary.

(6)

In this Book a person's ‘successor’ is the heir or representative who under the law of succession becomes entitled to that person's personal patrimony on that person's death. Where the context permits, a reference to a party (or former party) to a trust is a reference to that person's successor if that person has died.

Deze functie is alleen te gebruiken als je bent ingelogd.