aktív trust

főnév

full

active trust

noun

Comparative law notes

Hungary

1. A contractual relationship where the original owner of the property separates the property or part of its assets and temporarily transfers it to the trustee 2. For the purpose of managing, administering, preserving and increasing the value of the property entrusted to it by the trustee, to the beneficiary or beneficiary group defined by the trustee.

Definitions of active trust

English

a trust in which the trustee (called the 'active trustee') must perform active duties, such as collecting rent and transferring proceeds to the beneficiary

The property was held under an active trust.