Legal Term: DECLARATION OF TRUST

Definition: 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 dun tiers.

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