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 stewardship of such land or easements; or
- an agreement whereby one party (the trustee) agrees to hold ownership of a piece of real property for the benefit of another party (the beneficiary).
Read more about Land Trust: History
Famous quotes containing the words land and/or trust:
“There will, however, be no one in need among you, because the LORD is sure to bless you in the land that the LORD your God is giving you as a possession to occupy, if only you will obey the LORD your God by diligently observing this entire commandment that I command you today.”
—Bible: Hebrew, Deuteronomy 15:4,5.
“To long for that which comes not. To lie a-bed and sleep not. To serve well and please not. To have a horse that goes not. To have a man obeys not. To lie in jail and hope not. To be sick and recover not. To lose one’s way and know not. To wait at door and enter not, and to have a friend we trust not: are ten such spites as hell hath not.”
—John Florio (c. 1553–1625)