Definition of Land trust

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TeachMeFinance.com - explain Land trust



Land trust

The term 'Land trust ' as it applies to the area of agriculture can be defined as ' A private nonprofit organization, under § 501 (c)(3) of the federal tax code, that may receive donations of money, property or development rights, and may use its assets to purchase property or development rights'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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