tracing (or following) trust propertyThe right of a beneficiary under a *fiduciary relationship to recover trust property or its value if it is wrongfully disposed of by the fiduciary. The right exists against anyone except a person who has purchased the trust property without notice of the fiduciary obligation; a beneficiary may, for example, recover the property from a trustee who has mixed trust property with his own funds, or from a person to whom the property has wrongly been given. |
Browse Law TermA . B . C . D . E . F . G . H . I . J . K . L . M .N . O . P . Q . R . S . T . U . V . W . X . Y . Z . |
Maintenance by ellict |