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Implied Trust in Sugar Stabilization Fund by DAblue Rey is a document available to read on EtoBox.

- The petitioners argued that stabilization fees collected from sugar producers pursuant to a presidential decree created an implied trust with the producers as beneficiaries. However, the Supreme Court denied this, finding that: 1) an implied trust was not established by the language of the decree; 2) the fees were in the nature of taxes collected by the state to promote the sugar industry; and 3) the funds were a special fund to be administered by the state for the intended purpose and any excess transfer

Author

DAblue Rey

Language

EN