Bare Trustee Definition:

The trustee of a bare trust; a trust that has been reduced to holding the trust property at the absolute disposal and benefit of the beneficiaries.

Related Terms: Bare Trust

In De Mond v R (29 ETR 2d 226, 1999), Canadian Tax Court judge Lamarre adopted these words:

"(A) bare trustee is a person who holds property in trust at the absolute disposal and for the absolute benefit of the beneficiaries...."

See, also, bare trust.

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