Simple definition of 'custodian Trustee' of a Charitable Trust
Jaffacake
Registered Posts: 6 New contributor 🐸
Is anyone able to help me to pin down the definition of 'Custodian Trustee' of a charitable Trust? I think it means any person whose name is on the title to an asset of the Trust eg bank account - can anyone confirm if that is correct?
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Comments
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@Jaffacake You are on the right lines. Unincorporated associations cannot own property etc. so they normally appoint a person to hold the asset on their behalf.0
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