Draft Common Frame of Reference:X. — 2:401 Whether donation or trust

Draft Common Frame of Reference

X. — 2:401 Whether donation or 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)

Where a person transfers an asset to another gratuitously and it is uncertain whether or to what extent the transferor intends to donate the asset or to constitute a trust in respect of it for the benefit of the transferor, it is presumed that the transferor intends:

(a)

to donate to the transferee, if this would be consistent with the relationship between the parties and past or concurrent dealings of the transferor;

(b)

in any other case, that the transferee be a trustee for the benefit of the transferor.

(2)

A presumption in paragraph (1) may be rebutted (and the alternative intention in paragraph (1) established) by showing that at the time of transfer the transferor did not or, as the case may be, did intend to dispose of the asset for the exclusive benefit of the transferee.

(3)

Paragraphs (1) and (2) apply correspondingly where the transfer is to several transferees (including where the transfer is to the transferor and another).

(4)

Where it is shown or presumed that the transferor intends to dispose of the fund for the benefit of a transferee only in part, or for the benefit of one transferee, but not a co-transferee, the transferor is to be regarded as intending to constitute a trust for the benefit of the transferee to that extent.

Deze functie is alleen te gebruiken als je bent ingelogd.