DCFR

  • Article 2055. Definition of a trust

    Octavian Cazac 24.03.2021

    A trust is a legal relationship in which a party (trustee) is obliged to acquire a patrimonial mass (the trust fund), to administer and dispose of it, in accordance with the terms governing the relationship (trust terms) to benefit a beneficiary or advance public benefit purposes. Annotation: Author: Octavian Cazac Published: 24 March 2021 Origin of the rule: Art. X. – 1:201 DCFR Note: Some parts of this text have…

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