pet trust

A trust, usu. honorary, that is established for the care and maintenance of a particular animal or group of animals.

• Pet trusts are generally invalid because animals are incapable of compelling a trustee to act, and animals have no standing in law. Effectively, the trust has no beneficiary. But some states (e.g., Colorado) statutorily recognize these trusts as valid. And pet trusts are covered in the Uniform Trust Code (§ 111(d)).

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词条贡献者

译员蓉婧，欧洲知名商学院国际金融专业，专注翻译各种与美国证券法律有关的法律文件。