Bare trust

Bare trust – this legal term is used in the Trust Law in some legal systems. It details a trust which temporarily holds the possession of asset on behalf of a person until they ask for it. The person holding this asset or property is called “bare trustee”. He could have rights to operate with the funds in the trust, or not. This depends on the agreement with the owner of the funds who deposited it in the trust.

See also “Trust”

See also “Trustee”

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