BENEFICIAL INTEREST

2018-03-19

no comments

Profit, benefit, or advantage resulting from a contract, or the ownership of an estate as distinct from the legal ownership or control. A cestui que trust has the beneficial interest in a trust estate while the trustee has the legal estate.

Glossary: ADVERSE PARTY
One who serves upon a decision making board and has a personal interest in the results which may be in conflict with the self interest of the other members of the board.
Glossary: BUSINESS TRUST ORGANIZATION
An unincorporated organization created and managed by "trustees" for the benefit and profit of persons who hold or may acquire transferable certificates.
Glossary: CESTUI QUE TRUST
He who has a right to a beneficial interest in and out of an estate the legal title to which is vested in another.
Glossary: EQUITABLE TITLE
Glossary: LEGAL TITLE