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Another instance of a trustee’s obligation might be to invest property properly or sell it. This is very the case for pension funds, the most important type of belief, the place buyers are trustees for individuals’s financial savings until retirement. But trusts may also be arrange for charitable functions, well-known examples being the British Museum or the Rockefeller Foundation.

  • Western Europe, meanwhile, relied on a combine of the Theodosian Code and Germanic customary law until the Justinian Code was rediscovered in the 11th century, and scholars on the University of Bologna used it to interpret their very own legal guidelines.
  • While each effort has been made to observe quotation type guidelines, there could also be some discrepancies.
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