### sec.237 What is a foreign trust A trust is a foreign trust if at least 50% of the trust interests in the trust are foreign interests. In this section— foreign interest means— a trust interest of a foreign individual; or a trust interest of a foreign corporation; or a trust interest of a trustee of a foreign trust; or a trust interest held by a related person of a person mentioned in paragraph (a) to (c) . s 237 prev s 237 om 2005 No. 60 s 11 pres s 237 ins 2016 No. 37 s 9 amd 2017 No. 20 s 6 (sec.237-ssec.1) A trust is a foreign trust if at least 50% of the trust interests in the trust are foreign interests. (sec.237-ssec.2) In this section— foreign interest means— a trust interest of a foreign individual; or a trust interest of a foreign corporation; or a trust interest of a trustee of a foreign trust; or a trust interest held by a related person of a person mentioned in paragraph (a) to (c) . - (a) a trust interest of a foreign individual; or - (b) a trust interest of a foreign corporation; or - (c) a trust interest of a trustee of a foreign trust; or - (d) a trust interest held by a related person of a person mentioned in paragraph (a) to (c) .

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