Sentence examples for constructive trust from inspiring English sources
noun
A trust created by operation of law where one party takes physical possession of property, but is legally required to use that property for the benefit of another party, in the absence of a written agreement.
(This type of trust is a constructive trust).
The constructive trust doctrine is not exactly easy to operate.
"And the remedy is what we call a constructive trust".
Geoffrey Rapp, Reconsidering Educational Liability: Property- Owners as Litigants, Constructive Trust as Remedy, 18 Yale L. & Pol'y Rev. (1999).
Mr. Parella said that with a constructive trust, one or more individuals are deemed to hold title to property on behalf of someone else.
The great thing about the reinvention of the constructive trust in the 1960s was that it seemed to provide a sufficiently malleable tool to connect real property and real people.
Courts may also impose trusts on people who have not consciously created them in order to remedy a legal wrong ("constructive trusts").
Family courts across the land are familiar with the concept of fraudulent transfers and can make the harmed spouse whole through a cornucopia of legal and equitable remedies, ranging from constructive trusts to the outright of seizure of pension funds.
Whether secret trusts are express or constructive trusts is unclear.
This suggests that secret trusts are not constructive trusts but rather express trusts.
In Hudson's opinion, fully secret trusts are constructive trusts, because they exist to prevent fraud.
