22.3.1 Quistclose trusts in outline - Alastair Hudson

22.3THEFUNDAMENTALS OF QUISTCLOSETRUSTS 22.3.1 Quistclose trusts in outline A general definition of the Quistclose trust Commercially-speaking, a Quistclose trust is a means by which a lender of money can retain a “security interest” in loan moneys by inserting a clause into the loan contract

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