purchase money resulting trust

A resulting trust that arises when one person buys property but directs the seller to transfer the property and its title to another.

• Although a purchase-money resulting trust is properly understood as a court-imposed equitable remedy rather than as a true trust, the buyer is occasionally referred to as the “beneficiary” and the titleholder as the “trustee.” — Abbr. PMRT. [Cases: Trusts 72–83. C.J.S. Trover and Conversion §§ 128, 138, 140, 147–164.]

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词条贡献者

双语律师容远，毕业于法国一流的高级翻译学院，擅长翻译各类与公司治理相关的法律文件。