completely constituted trust

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A valid declaration of trust becomes “completely constituted” when legal title to the trust property is transferred to the trustee(s). In most cases this is effected by the declaration itself but in others certain formalities must have been complied with for a trust to be completely constituted. For example, a declaration of a trust of land must comply with section 53(i)(b) of the Law of Property Act 1925. An incompletely constituted trust will be void.

Subjects: Law.

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