CFR > Title 7 > Subtitle B > Chapter I > Subchapter B > Part 46 > Statutory Trust
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| § 46.46 | Statutory trust |
Terms Used In CFR > Title 7 > Subtitle B > Chapter I > Subchapter B > Part 46 > Statutory Trust
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Fiduciary: A trustee, executor, or administrator.