Question
Should a trustee be permitted in the absence of explicit language in the trust instrument to invest in real estate equities? In real estate mortgages?
Should a trustee be permitted in the absence of explicit language in the trust instrument to invest in real estate equities? In real estate mortgages? Should he be permitted to operate a business with the trust funds, as opposed to mere passive investing?
Reference : Posner, Economic Analysis of Law, chapter 16
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The Legal Environment of Business
Authors: Roger E Meiners, Al H. Ringleb, Frances L. Edwards
11th Edition
9781133419716, 538473991, 1133419712, 978-0538473996
