Thursday, December 16, 2010

Express trusts require three certainties

Century Services Inc. v. Canada (Attorney General), 2010 SCC 60, just released, provides:

[83] Creation of an express trust requires the presence of three certainties: intention, subject matter, and object. Express or "true trusts" arise from the acts and intentions of the settlor and are distinguishable from other trusts arising by operation of law (see D. W. M. Waters, M. R. Gillen and L. D. Smith, eds., Waters' Law of Trusts in Canada (3rd ed. 2005), at pp. 28-29 especially fn. 42)

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