Trustee
| Term | Definition |
|---|---|
| Trustee | A person appointed to manage the affairs and assets of a A contract between the founder and the trustee in terms of which the trustee is to administer the trust fund for the benefit of the beneficiaries. ">trust. In terms of A development made up of sections, whereby all section owners are members of a Body Corporate. Each section owner is responsible for their own section. Afrikaans - Deursnee Titel ">sectional title, the A person appointed to manage the affairs and assets of a trust. In terms of sectional title, the trustees attend to the day-to-day running of the scheme, which includes the collection of levies and the employment and management of staff. ">trustees attend to the day-to-day running of the scheme, which includes the collection of levies and the employment and management of staff. |