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What is the distinction between a public trust and a private trust?

Open uri20170510 32134 7ezpi6?1494421819 jaggu asked about 3 years ago

What is the distinction between a public trust and a private trust?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered over 2 years ago

The public or private trust, differ in the process of their creation. In creating a charitable or religious trust, a formal deed or any other writing is not necessary, even if it involves immovable property. It may be created by use of words, but what is necessary is that there should be divestment of property on the part of the author or the settlor of the trust and should vest in the trustee, a third person.

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