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by parenthephobia
3380 days ago
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Only legal persons can own property. A trust is not a legal person. The legal situation is that a trust's assets belong to the trustee, who must be a person, not the trust itself. A trustee could be a corporation, but it could not be a machine, since a machine is not a legal person. The trustee is legally responsible for employing the trust's assets in accordance with the terms of the trust. The relevance of this is that the actions of a machine owned by a trust would be the legal responsibility of the trustee. You can't really say that a machine truly owns something until the machine, and not its owners or operators, can be held legally responsible for what it does with it. |
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