illusory trustglossary / illusory trust An arrangement that looks like a trust but, because of powers retained in the settlor, has no real substance and is not a completed trust. [Cases: Trusts 1. C.J.S. Trover and Conversion §§ 1–9, 14–18.] 词条贡献者 译员Susanne,知名国际商学院金融专业,专注翻译各种与并购诉讼有关的法律文件。
illusory trust illusory trust, 虚假信托 illusory trust 虚假信托 指财产托管人在形式上宣布将其财产进行信托或交付给第三人,但在本质上仍由其对信托财产进行控制而并无放弃其权利之意图,这种信托因其虚假而属无效。也指某一类信托安排,它虽具信托的形式,但因其权力仍在于受托人,故在本质上不属于完全意义的信托。