Meaning of Trustee (What it is, Concept and Definition)

trustee it is a legal term used to designate an individual to whom justice trust an asset during a process. It is the responsibility of the faithful depositary to ensure the conservation of the property, under penalty of imprisonment, if not.

Trustee is that person who is in possession of an asset during the course of an execution process. For example: When financing a car and failing to pay the financing installments, the financial agent files a lawsuit against the debtor, with an enforcement action.

The debtor is allowed to remain with the car during the process and it becomes the trustee of justice, and after signing the consent, keep and preserve the seized property, until the judge orders it to be handed over to the right. If he fails to comply with the mandate, he will be punished with civil imprisonment.

The unfaithful custodian, who is the one who was responsible for the safekeeping of a property that does not belong to him and allowed this property to disappear or be stolen. The possibility of imprisonment by an unfaithful depositary is provided for in the Civil Code. As long as the goods are not returned, the trustee becomes unfaithful and despite having imprisonment provided by law, this action is no longer used, thus the action only sets the constraint illegal.

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