Meaning of BLIND TRUST in English
- BLIND TRUST
A trust set up by a settlor who reserves the right to terminate the trust but other than that, agrees to assert no power over the trust, which is administered without account to the beneficiary/settlor or the retention of any other measure of control over the trust's administration. In Canada, for example, it is common for government ministers to vest all their investment property to a blind trust to avoid any conflict of interest.
Duhaime's Law English dictionary. Английский юридический словарь Duhaime . 2012