cestui que trust


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cestui que trust

n. (properly pronounced ses-tee kay, but lawyers popularly pronounce it setty kay) from old French. 1) an old fashioned expression for the beneficiary of a trust. 2) "the one who trusts" or the person who will benefit from the trust and will receive payments or a future distribution from the trust's assets. (See: beneficiary)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

cestui que trust

an archaic term in English law for the beneficiary under a trust.
Collins Dictionary of Law © W.J. Stewart, 2006

CESTUI QUE TRUST, A barbarous phrase, to signify the beneficiary of an estate held in trust. He for whose benefit another person is enfeoffed or seised of land or tenements, or is possessed of personal property. The cestui que trust is entitled to receive the rents and profits of the land; he may direct such conveyances, consistent with the trust, deed or will, as he shall choose, and the trustee (q.v.) is bound to execute them: he may defend his title in the name of the trustee. 1 Cruise, Dig. tit. 12, c. 4, s. 4; vide Vin. Ab. Trust, U, W, X, and Y 1 Vern. 14; Dane's Ab. Index, h.t.: 1 Story, Eq. Jur. Sec. 321, note 1; Bouv. Inst. Index, h.t.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Para Court of Chancery, ademas, el settlor constituia a su vez un dominio util de equidad (beneficial ownership = propiedad pretoria = possesio ad usus fructus) en favor del cestui que trust Este dominio util procesal otorga derechos, beneficios y frutos de equidad en beneficio del cestui que trustsobre el fondo patrimonial del trust.
(40) Maitland wanted to footnote that case, involving conflict over the assets of a dividing church, in his new essay; he was especially struck by a letter to The Times suggesting the presence of 'a new cestui que trust: none other than "The great head of the church, Our Lord Jesus Christ'", mordantly commenting: 'This is a juristic construction with a vengeance!'.
Pero los charitable trusts tienen un proposito indefinido de beneficencia y no tienen un beneficiario, un cestui que trust, que pueda reclamar sus propios intereses.
En l'occurrence, afin de proteger les droits du beneficiaire (ou cestui que trust) et d'eviter que les droits devant revenir au beneficiaire ne puissent etre confondus avec les droits personnels de la personne agissant comme trustee.
Courts have analogized the rights of mutual policyholders to a cestui que trust in that legal title to the corporate property is vested in the company but is devoted solely to providing life insurance at cost for the benefit of policyholders.(10)