settlorinterested
A settlor interested is a type of beneficiary in a trust or shareholders agreement under the law of trusts and company law, in various jurisdictions. The concept of settlor interested is also relevant in the context of corporate law and shareholder agreements.
In common parlance, a settlor is the person creating a trust, donating assets to it, in exchange
The settlor interested party's rights differ from the typical rights of the beneficiaries and other stakeholders
In terms of rights, duty to put to one side assets to meet quasi-contractual and liability claims
Political or legal entities like individuals have fiduciary duties while managers of private companies will owe