ABSTRACT
One of the fundamental features of a trust concerns the division of ownership of property into legal and equitable interests. The trust concept creates a special duty which attaches to the trust property and to the trustees. The beneficiaries acquire proprietary interests in the trust property which are inviolable except against bona fide transferees of the legal estate for value without notice. The duties imposed on trustees are personal fiduciary obligations which are enforceable at the instance of the beneficiaries by way of equitable remedies.
