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:
“Morning, a glass door, flashes
Gold names off the new city,
Whose white shelves and domes travel
The slow sky all day.
I land to stay here....”
—Philip Larkin (19221986)
“Every journalist who is not too stupid or too full of himself to notice what is going on knows that what he does is morally indefensible. He is a kind of confidence man, preying on peoples vanity, ignorance, or loneliness, gaining their trust and betraying them without remorse.”
—Janet Malcolm (b. 1934)
Related Subjects
Related Phrases
Related Words