Glossary of Terms

Independent Trustee 2015-11-11 08:00:00

Independent Trustee

A trustee who is not related to the beneficiary of the trust and does not stand to inherit any property under the trust. An independent trustee is required under a Delaware Statutory Trust (DST) property holding structure in order to protect the lender in the event the signatory trustee fails or does not act in the lender’s best interest.

 


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