Trustee - Law Dictionary Search Results
Home Dictionary Name: trustee Page: 2Trustee in bankruptcy
Trustee in bankruptcy. A person appointed in a bankruptcy to collect and realize the property of the debtor and to distribute the proceeds among the creditors. The property of the debtor vests in the trustee on his appointment. See Bankruptcy Acts, 1914 and 1926....
Honorary trustees
Honorary trustees, trustees to preserve contingent remainders, so called because they were bound, in honour only, to decide on the most proper and prudential course, Lewin on Trusts....
Trustee Savings Banks Acts, 1863 to 1920
Trustee Savings Banks Acts, 1863 to 1920. (English) See SAVINGS BANKS....
Official trustee of charity lands
Official trustee of charity lands, the secretary for the time being of the Charity Commissioners, who is constituted a corporation sole by that name for taking and holding charity lands: see (English) Charitable Trusts Act, 1853, s. 49; Charitable Trusts Amendment Act, 1855, s. 15....
u.s. trustee
u.s. trustee An officer of the Justice Department responsible for supervising the administration of bankruptcy cases, estates, and trustees; monitoring plans and disclosure statements; monitoring creditors' committees; monitoring fee applications; and performing other statutory duties. Compare, bankruptcy administrator. Source: Administrative Office of the U.S. Courts ...
United States trustee
United States trustee : a person appointed and supervised by the Attorney General who has various administrative responsibilities in bankruptcy cases in the region encompassing one or more federal judicial districts to which he or she has been assigned ...
trustee process
trustee process : the process of attachment by garnishment used esp. in the northeastern U.S. ...
Gratuitous trustees
Gratuitous trustees, Act to amend the law in Scotland relative to the resignation, powers, and liabilities of, 24 & 25 Vict. c. 84,...
Official trustees of charitable funds
Official trustees of charitable funds, officers of the Charity Commissioners appointed to hold stocks and securities belonging to charities: see (English) Charitable Trusts Act, 1853, s. 51; (English) Charitable Trusts Amendment Act, 1855, s. 18; (English) Charitable Trusts Act, 1887, s. 4....
Trust
Trust, is a comprehensive expression, as covering not only the relationship of trustee and beneficiary but also that a bailor and bailee master and servant pledger and pledgee, guardian and ward and all other relations which postulate the existence of fiduciary relationship between the complainant and the accused, State v. K.P. Jain, (1983) 2 Crimes 947 (All).Trust, is a trust for public purposes, the substances and primary intention of the creator must be seen, Shabbir Husain v. Ashiq Husain, AIR 1929 Oudh 225.Trust, is an obligation annexed to ownership. A trustee holds property 'subject' to an obligation, which the testator has imposed upon him, Mahadeo Ramchandra v. Damodar Vishwanath, AIR 1957 Bom 218: (1957) 59 Bom LR 478.Means any arrangement whereby property is transferred with intention that it be administered for another's benefit is a trust. It casts an obligation on the trustee to use the property for achieving the purpose for which the trust is created, Baba Jamuna Das Mah...
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