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Implied trust
Practical Law UK Glossary 8-107-6250 (Approx. 3 pages)
Glossary
Implied trust
In trust law terms, a trust is either express, or is imposed by law.
The following are trusts that arise as a result of the operation of law:
- Statutory trusts.
An "implied trust" is a loose way of describing a trust that arises by operation of law.