express trust
as defined in Directive (EU) 2024/1640 of the European Parliament and of the Council of 31…, Article 2(1), point (29)
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(29) |
‘express trust’ means a trust intentionally set up by the settlor, inter vivos or on death, usually in a form of written document, to place assets under the control of a trustee for the benefit of a beneficiary or for a specified purpose; |
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Also defined in
- Regulation (EU) 2024/1624 of the European Parliament and of the Council of 31 May 2024 on the prevention of the use of… 32024R1624, Article 2(1), point (29)
a trust intentionally set up by the settlor, inter vivos or on death, usually in a form of written document, to place assets under the control of a trustee for the benefit of a beneficiary or for a specified purpose