Government Trust
/ˈɡʌvərnmənt trʌst/
Definitions
- (n.) A trust established and controlled by a government to manage assets or responsibilities for public or private benefit.
The government trust was responsible for managing the national parklands.
Forms
- government trust
- government trusts
Related terms
See also
Commentary
Typically, a government trust differs from private trusts by its public purpose and statutory framework; clarify the trust's enabling legislation when drafting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.