declaration of trus

1 definition found

declaration of trus - Bouvier's Law Dictionary, Revised 6th Ed (1856) :

  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.