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In addition, a 1929 Act authorized an additional 50,000 acres for the Miners’ Hospital Trust. An 1881 Act had already granted the Territory of Arizona about 60,000 acres for the University of Arizona Trust. The total acreage was about 10,900,000. Today, State Trust Land is apportioned among 14 beneficiaries. Creation of State Land Department
This is an accepted version of this page This is the latest accepted revision, reviewed on 8 February 2025. U.S. state This article is about the U.S. state. For other uses, see Arizona (disambiguation). State in the United States Arizona State Flag Seal Nicknames: The Grand Canyon State; The Copper State; The Valentine State Motto: Ditat Deus ('God enriches') Anthem: "The Arizona March Song ...
The declaration of a trust is through a "deed to trustee". If the trust is filed as a public document, it removes all of the asset protection provided by the formation of the land trust. Robert Pless pioneered the use of the land trust that has been used by many firms throughout the United States since the early 1990s. [citation needed]
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Transactions involving deeds of trust are normally structured, at least in theory, so that the lender/beneficiary gives the borrower/trustor the money to buy the property; the borrower/trustor tenders the money to the seller; the seller executes a grant deed giving the property to the borrower/trustor; and the borrower/trustor immediately executes a deed of trust giving the property to the ...
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