Section 314: Trust deemed to be established

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If a person makes necessary arrangements for the operation and management by another of a property in which the person has right, ownership, and possession for the benefit of a beneficiary, a trust shall be deemed to be established.

Explanation: For the purposes of this Chapter, the term “beneficiary” means a person, group, general public, body whether incorporated or unincorporated, or community getting the benefit from the trust property.

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Section 314: Trust deemed to be established

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