The public trustee is an office established pursuant to national (and, where applicable, state or territory) statute, to act as a trustee, usually where a sum is required to be deposited as security by legislation, where courts remove another trustee, or for estates where either no executor is named by will or the testator elects to name the Public Trustee.
Read more about Public Trustee: Origins, Other Nations, United Kingdom and Australia, New Zealand
Famous quotes containing the word public:
“Along the highway, all but lost among blatant neon lights flashing ‘Whiskey’ and ‘Dance and Dine,’ are crudely daubed warnings erected by itinerant evangelists, announcing that ‘Jesus is soon coming,’ or exhorting the traveler to ‘prepare to meet thy God.’”
—For the State of Florida, U.S. public relief program (1935-1943)