TITLE 2: NATURAL RESOURCES
DIVISION 4: LAND RESOURCES
§ 4961. Purchase Money Resulting Trust. Where a transfer of property is made to one person, and the purchase price is paid by another, a purchase money resulting trust (hereafter referred to simply as a resulting trust) is that trust which is said to arise in favor of the person by whom the purchase price is paid. Source: PL 8-32, § 4 (§ 4921), modified.