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Article 48 The beneficial right of the trust of the beneficiary may be transferred and inherited according to law, except that there are restrictive provisions in the trust documents.

第四十八条受益人的信托受益权可以依法转让和继承,但信托文件有限制性规定的除外。

A legal plan by which the trust or places assets in trust for a beneficiary.

信托人据以为受益人放置资产的法律安排。

The trustee must manage the trust property for the beneficiary.

受托人必须受益人管理信托财产。

In respect of the separate trust fund a beneficiary has personal rights and may also have proprietary rights against the trustee and against third parties to whom any part of the fund has been wrongfully transferred.

受益人对独立的信托财产拥有个人权利,而且也拥有可对抗受托人和第三人的财产性权利,如果该财产的任何部分被不当转让给了第三方。

The trustee must manage the trust property for the beneficiary.

信托文件必须确认信托财产、受托人和受益人,并写明信托条款。

If the trustor is not the only beneficiary, the trust shall continueor liquidation property

委托人不是唯一受益人的,信托存续,信托财产不作为其遗产或者清算财产

When a Director deals in the securities of the Company in his capacity as a co-trustee and he has not participated in or influenced the decision to deal in the securities and is not, and none of his associates is, a beneficiary of the trust, dealings by the trust will not be regarded as his dealings.

若董事以共同受托人的身份买卖公司的证券,但没有参与或影响进行该项证券交易的决策过程,而该董事本身及其所有联系人亦非有关信托的受益人,则有关信托进行的交易,将不会被视作该董事的交易。

Distributing the trust benefits, each beneficiary shall enjoy thetrust benefits according to equal proportions.

信托文件对信托利益的分配比例或者分配方法未作规定的,各受益人按照均等的比例享受信托利益。

In the countries of Anglo-American Law System, the trustee has the legal title of the trust property, while the beneficiary has the equitable title of it.

对于信托财产,英美法系赋予受托人&普通法上的所有权&和受益人&衡平法上的所有权&,其原因在于英美法系普通法与衡平法的分野。

Is the only beneficiary, the trust shall terminate and the trust

设立信托后,委托人死亡或者依法解散、被依法撤销、被宣告破产时,委托人是唯一受益人的,信托终止,信托财产作为其遗产或者清算财产

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