Special trust

SPECIAL TRUST. A special trust, is one where a trustee is interposed for the execution of some purpose particularly pointed out, and is not, as in the case of a simple trust, a mere passive depositary of the estate, but is required to exert himself actively in the execution of the settler's intention; as, where a conveyance is made to trustees upon trust to reconvey, or to sell for the payment of debts. 2 Bouv. Inst. n. 1896. See Trust.

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Makarov assured that he would make every effort to justify the special trust and make a significant contribution to the prosperity of Turkmenistan.
PSALM similarly noted that in compliance with the recently approved guidelines by its company's board of directors, it opted to transfer P75.276 billion of remitted UC-stranded contract costs (SCC) from a special trust fund to the firm's UC-SCC special fund account.
The payment was allegedly soured illegally from the Special Trust Fund.
According to the EO, the DCRCB will have to 'develop plans and strategies for the optimum operation and utilization of the center to increase the revenues as a special trust fund purely for the operation of the center.'
The respondents allegedly sourced the money for the contract from the university's Special Trust Fund, the ombudsman said.
Most importantly, assets held in the special trust are not counted when determining eligibility for government benefits.
The bicameral conference committee version, Velasco said, provides that the net government share of the Malampaya fund be transmitted to a special trust fund that will be administered by the Power Sector Assets and Liabilities Management (PSALM) Corporation.
Under the bill, the net national government's share from Malampaya Fund will be remitted to a special trust fund which will be administered by the Power Sector Assets and Liabilities Management Corp.
Isaczai said that the UN development system reforms, based on the unanimously adopted resolution of the UN General Assembly of May 2018, are aimed at increasing efficiency, and he also noted the creation of a special Trust Fund to support the reform process.
BRUSSELS, Oct 29 (KUNA) -- Canada will contribute USD 5.7 million over three years to a special trust fund to upgrade an Organisation for the Prohibition of Chemical Weapons (OPCW) ageing laboratory and research centre.
A special trust, The Pazza Trust, so named after Paul's nickname 'Pazza', has been set up by them to help other families who may find themselves in a similar plight.
The special trust and confidence placed in us by the Nation we protect is built upon this foundation.

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