Your American History Reference Guide!
- Trustee

HistoryMania Information Site on Trustee American History American History Search        American History Browse welcome to our free resource site for all enthusiasts!

Trustee

The word trustee is a legal term that refers to a member of a trust, which can be set up for any of a variety of purposes, and is entrusted with the administration of property on behalf of others. With respect to most private trusts, the trustee holds legal title to the trust property, is the representative of the trust, and has the capacity to sue and be sued on behalf of the trust.

In the case of charities in the UK, a trustee is an unpaid volunteer who undertakes fiduciary responsibilites on behalf of the charity, subject to the provisions of the Charities Act 1993, which is regulated by the Charity Commission.

UK Legislation

Trustee Delegation Act 1999 specifically covers matters to do with land.
Trustee Act 1925
Trusts of Land and Appointment of Trustees Act 1996
Trustee Act 2000
Charities Act 1993

United States

Under the US Bankruptcy Code, a trustee is the person charged with responsibility to collect the property of the bankrupt person or company, and distribute the proceeds to creditors in the priority prescribed by law. See United States Trustee.

The contents of this article are licensed from Wikipedia.org under the
GNU Free Documentation License. How to see transparent copy
Search | Browse | Contact | Legal info