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Chapter 3. - Property with a Specific Destination

Art. 433Definition
Art. 434Forms
Art. 435Administrative Approval Necessary
Art. 436Application of Approval. - 1. During Lifetime of Founder
Art. 4372. After his Death
Art. 438Revocation of Act of Endowment
Art. 439Retroactivity of Approval
Art. 440Protection and Control of Endowment
Art. 441Statutes of Endowment
Art. 442Management
Art. 443Committee of Management
Art. 444Functions of Committee of Management
Art. 445Amendments of Statutes. - 1. Principle
Art. 4462. Prohibition by Founder
Art. 447Meetings of Committee
Art. 448Decisions of Committee
Art. 449Rights and Obligations of Endowment
Art. 450Rights of Beneficiaries of Endowment
Art. 451Termination of Endowment
Art. 452Amalgamation of Several Endowments
Art. 453Liquidation and Control
Art. 454Need of Authorization
Art. 455Organization of Committee
Art. 456Gifts and Subscriptions
Art. 457Liability of Members
Art. 458Termination of Committee
Art. 459Dissolution of Committee
Art. 460Liquidation. - 1. Insufficient Property
Art. 4612. Balance
Art. 462Change into an Endowment
Art. 463Definition
Art. 464Form
Art. 465Beneficiary of Trust
Art. 466Number of Trustees
Art. 467Appointment of Trustee
Art. 468Resignation of Trustee
Art. 469Dismissal of Trustee
Art. 470Proof of Trusteeship
Art. 471Several Trustees
Art. 472Administration of Trust
Art. 473Judicial Representation of Trust
Art. 474Powers of Trustee
Art. 475Directions of Settlor. - 1. Principle
Art. 4762. Sanctions
Art. 477Replacement of Property
Art. 478No Personal Benefit
Art. 479Indemnity
Art. 480Liability of Trustee
Art. 481Rendering of Accounts. - 1. To Whom it is Made
Art. 4822. When
Art. 483Creditors of Trustee
Art. 484Creditors of the Trust
Art. 485Rights of Beneficiary. - 1. In Relation to the Trustee
Art. 4862. On the Property of the Trust
Art. 487Creditors of Beneficiary. - 1. Principle
Art. 4882. Power of the Court
Art. 489Termination of the Trust. - 1. Normal Case
Art. 4902. Power of the Court
Art. 491Liquidation of the Trust

Civil Code · English · 2015

Article 465

Beneficiary of Trust

A trust may be constituted for the benefit of any person, action or idea, provided that it does not offend public order, or morals.

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About this text

This is the 2015 English-language edition attributed in its front matter to the Ministry of Justice. Eri Atlas has not independently verified the translation, later changes, or whether the text is currently in force. Nine passages are incomplete in the available scan and are identified where they occur.

Source title: Civil Code of the State of Eritrea
Edition: 2015
Issuing body: Ministry of Justice, State of Eritrea
Repository: FAOLEX
Language: English
Source pages: 132

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