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TRUSTEE ACT 1925 - SECT 4 Meaning of trust

TRUSTEE ACT 1925 - SECT 4

Meaning of trust

    (1)     In this Act, "trust" includes—

        (a)     an implied or constructive trust (including a trust where the trustee has a beneficial interest in the trust property); and

        (b)     the duties of a legal representative of a dead person.

    (2)     However, "trust" does not include the duties incidental to an estate conveyed by way of mortgage.