jaggu
asked over 2 years ago
What is the distinction between a public trust and a private trust?
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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.
