land trust
land trust see trust

Merriam-Webster’s Dictionary of Law. . 1996.

land trust
n.
A form of trust in which a trustee holds legal title to a piece of property but the beneficiary has the power to direct the trustee, manage the property, and receive income from it; also called an Illinois land trust.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


land trust
An agreement by which a trustee holds ownership of land for the benefit of an individual or entity. Land trusts are often used by nonprofit organizations for conservation purposes, by large corporations to amass significant landholdings, and by individuals to keep their names out of the public records.
Category: Business, LLCs & Corporations

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • Land trust — There are two distinct definitions of a land trust: a private, nonprofit organization that, as all or part of its mission, actively works to conserve land by undertaking or assisting in land or conservation easement acquisition, or by its… …   Wikipedia

  • land trust — Property ownership arrangement whereby, pursuant to statute, trustee holds legal and equitable title to trust, and beneficiary, who has personal property interest, retains power of direction over trustee and power to manage and receive income… …   Black's law dictionary

  • land trust — Property ownership arrangement whereby, pursuant to statute, trustee holds legal and equitable title to trust, and beneficiary, who has personal property interest, retains power of direction over trustee and power to manage and receive income… …   Black's law dictionary

  • land trust — noun : an unincorporated association for holding real estate by putting the title in one or more trustees for the benefit of the members * * * land trust noun. an organization set up to acquire land or the rights to use it in order to conserve… …   Useful english dictionary

  • Land Trust — A legal agreement where a trustee is appointed to maintain ownership of a piece of real property for the benefit of another party: namely, the beneficiary of the trust. Land trusts are used by several different types of organizations for several… …   Investment dictionary

  • Land Trust Alliance — The Land Trust Alliance is a national conservation group representing more than 1,700 land trusts across the United States. The organization describes its objectives as working to increase the pace and quality of conservation by advocating… …   Wikipedia

  • land trust certificate — Instrument granting participation in benefits of ownership of property, while trustee retains title. See land trust …   Black's law dictionary

  • land trust certificate — Instrument granting participation in benefits of ownership of property, while trustee retains title. See land trust …   Black's law dictionary

  • Community land trust — A community land trust is a nonprofit corporation which acquires and manages land on behalf of the residents of a place based community, while preserving affordability and preventing foreclosures for any housing located upon its land. Contents 1… …   Wikipedia

  • World Land Trust — The World Land Trust (formerly the World Wide Land Conservation Trust) is a UK based nonprofit environmental organization established in 1989. Its primary aims are to ensure conservation of plants, animals and natural communities in areas at risk …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”