Section 314
Trust Deemed To Be Established
If a person makes necessary
arrangements for the operation and management by another of a
property in which the person has right, ownership and possession
for the benefit of beneficiary, a trust shall be deemed to be
established.
Explanation: For the purposes of this Chapter, the term
'beneficiary' means a person, group, general public, body whether
incorporated or unincorporated, or community getting the benefit
from the trust property.