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:
“For four hundred years the blacks of Haiti had yearned for peace. for three hundred years the island was spoken of as a paradise of riches and pleasures, but that was in reference to the whites to whom the spirit of the land gave welcome. Haiti has meant split blood and tears for blacks.”
—Zora Neale Hurston (18911960)
“For Nature ever faithful is
To such as trust her faithfulness.
When the forest shall mislead me,
When the night and morning lie,
When the sea and land refuse to feed me,
Twill be time enough to die.”
—Ralph Waldo Emerson (18031882)
Related Subjects
Related Phrases
Related Words