Rise of the Management Trust

Although the trust comes with a long historical pedigree, it has undergone a radical transformation in the past century. The core function of the trust has changed, giving rise both to the modern trust industry and to a profoundly altered legal regime that was necessary to support and govern the industry. FROM CONVEYANCING TO FINANCIAL MANAGEMENT The trust first developed for an age in which real

John H. Langbein | Oct 01, 2004

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Although the trust comes with a long historical pedigree, it has undergone a radical transformation in the past century. The core function of the trust has changed, giving rise both to the modern trust industry and to a profoundly altered legal regime that was necessary to support and govern the industry.

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