TRUST
Categories: Contracts
Definition (1910 Edition)
attending to the registration and transfer of their stock and bonds, serving as trustee. for their bond or mortgage creditors, and transacting a general banking and loan business. See Venner v. Farmers’ L. & T. Co., 54 App. Div. 271. 66 N. Y.. Supp. 773; Jenkins v. Neff, 163 N. Y. 320, 57 N..E, 408;' Mercantile Nat, Bank v. New York, 121 U. S. 188, 7 Sup. Ct. 826, 30
UK Law Commentary
Status: ✅ Still applies. A relationship where one holds property for the benefit of another. A cornerstone of English equity. Modern law regulates trustees' powers and investment duties.
Modern Application
📜 Trustee Act 2000 • Charities Act 2011 • Inheritance Tax Act 1984 • legislation.gov.uk
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain.
UK commentary and modern updates are original additions. This entry is for educational
reference only and does not constitute legal advice.