Article 1440

RA 386 · Civil Code of the PhilippinesKey provision

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A person who establishes a trust is called the trustor; one in whom confidence is reposed as regards property for the benefit of another person is known as the trustee.

Official text — RA 386

A person who establishes a trust is called the trustor; one in whom confidence is reposed as regards property for the benefit of another person is known as the trustee; and the person for whose benefit the trust has been created is referred to as the beneficiary.

Source: lawphil.net (RA 386 as amended)

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