Page 356 - Important Provisions of The New Civil Code

TRUST

Article 1440. A person who establishes a trust

is called the trustor; one in whom confidence is

reposed as regards property for the benefit of

another person is known as the trustee; and the

person for whose benefit the trust has been

created is referred to as the beneficiary.

Article 1443. No express trusts concerning an

immovable or any interest therein may be

proved by parol evidence.