Solved

Which Is NOT a Requirement for an Express Public Trust

Question 18

Multiple Choice

Which is NOT a requirement for an express public trust to be valid?


A) It must limit the distribution of its fund to named individuals.
B) It must benefit the general public or an indefinite class of persons.
C) The settlor must intend to create a public trust.
D) A charitable purpose must be expressly designated.
E) A trustee must be named to administer the trust.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions