Declaration of trust legal definition of Declaration of trust. Declaration of trust synonyms by the Free Online Law Dictionary.

An assertion by a property owner that he or she holds the property or estate for the benefit of another person, or for particular designated objectives.

The term also signifies the deed or other instrument that contains the statement—which may be either written or oral, depending upon the applicable state law.

declaration of trust n. the document signed by a trustor (settlor) creating a trust into which assets are placed, a trustee is appointed to manage the trust (who may be the party who created the trust), the powers and duties of management of the principal and profits of the trust are stated, and distribution of profits and principal is spelled out. (See: trust, trustee, trustor, settlor)

DECLARATION OF TRUST. The act by which an individual acknowledges that a property, the title of which he holds, does in fact belong to another, for whose use he holds the same. The instrument in which the acknowledgment is made, is also called a declaration of trust; but such a declaration is not always in writing, though it is highly proper it should be so. Will. on Trust, 49, note y; Sudg. on Pow. 200. See Merl. Rep. Declaration au profit d'un tiers.

? References in periodicals archive
Armed with these tools, you can create a valid Declaration of Trust yourself. Developing your children's trust: you don't have to have a fortune to ... by Brown, Carolyn M. / Black Enterprise On November 13, 2006, RMR Hospitality and Real Estate Fund (Amex: RHR) announced that it had filed a lawsuit against Bulldog Investors General Partnership ("BIGP") and certain of its affiliates for allegedly violating a provision of RHR's Agreement and Declaration of Trust purporting to limit any person or group of persons other than RHR's investment advisor from beneficially owning more than 9. Bulldog Investors General Partnership Makes Announcement Concerning ... by Business Wire The proposal to convert to open-end form was submitted to the shareholders of the funds as a result of provisions in each fund's Agreement and Declaration of Trust that require that, if the fund's shares trade at a certain discount to net asset value during the last 12 weeks of the fund's fiscal year, a proposal to convert the fund to open-end form must be presented to shareholders at the fund's next annual meeting. Putnam Closed-End Fund Shareholders Vote to Keep Funds Closed-End by Business Wire More results

References in periodicals archive

Armed with these tools, you can create a valid Declaration of Trust yourself.

Developing your children's trust: you don't have to have a fortune to ... by Brown, Carolyn M. / Black Enterprise

On November 13, 2006, RMR Hospitality and Real Estate Fund (Amex: RHR) announced that it had filed a lawsuit against Bulldog Investors General Partnership ("BIGP") and certain of its affiliates for allegedly violating a provision of RHR's Agreement and Declaration of Trust purporting to limit any person or group of persons other than RHR's investment advisor from beneficially owning more than 9.

Bulldog Investors General Partnership Makes Announcement Concerning ... by Business Wire

The proposal to convert to open-end form was submitted to the shareholders of the funds as a result of provisions in each fund's Agreement and Declaration of Trust that require that, if the fund's shares trade at a certain discount to net asset value during the last 12 weeks of the fund's fiscal year, a proposal to convert the fund to open-end form must be presented to shareholders at the fund's next annual meeting.

Putnam Closed-End Fund Shareholders Vote to Keep Funds Closed-End by Business Wire

More results