The taxpayer's transfer of a real property to its two shareholders, made for the purpose of securing a bank loan, did not give rise to an implicit trust. Among the reasons given, Paris J. pointed out that the shareholders had never advised the bank of the existence of a trust, which supported the inference that there was no trust.
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d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
333355
Extra import data
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