CITES BY TOPIC:  public trust

Black's Law Dictionary, Sixth Edition, p. 1232:

Public trust:  See Charitable trust; Trust  .

[Black's Law Dictionary, Sixth Edition, p. 1232]


Black's Law Dictionary, Sixth Edition, p. 234:

Charitable trustOne in which property held by a trustee must be used for charitable purposes (advancement of health, religion, etc).  Fiduciary relationship with respect to property arising as a result of a manifestation of an intention to create it, and subjecting the person by whom the property is held to equitable duties to deal with the property for a charitable purpose.  Restatement, Second, Trusts, 348.  See Charitable purpose.

[Black's Law Dictionary, Sixth Edition, p. 234]


Black's Law Dictionary, Sixth Edition, p. 234:

Charitable purposeTerm as used for purpose of tax exemption has as its common element the accomplishment of objectives which are beneficial to community or area, and usually recognized charitable purposes, not otherwise limited by statute, are generally classified as: relief of poverty; advancement of education; advancement of religion; protection of health; governmental or municipal purposes; and other varied purposes the accomplishment of which is beneficial to community.  Bank of Carthage v. U.S., D.C.Mo., 304 F.Supp. 77,80.

[Black's Law Dictionary, Sixth Edition, p. 234]


Black's Law Dictionary, Sixth Edition, p. 1508:

Trust A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument.  The trustee holds a fiduciary responsibility to manage the trust's corpus assets and income for the economic benefit of all of the beneficiaries.  A confidence reposed in one person, who is termed trustee, for the benefit of another, who is called the cestui que trust, respecting property which is held by the trustee for the benefit of the cestui que trust.  State ex rel. Wirt v. Superior Court for Spokane County, 10 Waxh.2d 362, 116 P.2d 752, 755.  Any arrangement whereby property is transferred with intention that it be administered by trustee for another's benefit.  A fiduciary relationship in which one person is the holder of the title to property subject to an equitable obligation to keep or use the property for the benefit of another.

[Black's Law Dictionary, Sixth Edition, p. 1508]


Black's Law Dictionary, Sixth Edition, p. 1512:

Public trustOne constituted for the benefit of the public at large or some considerable portion of it answering a particular description; public trusts and charitable trusts may be considered in general as synonymous expressions.

[Black's Law Dictionary, Sixth Edition, p. 1512]