Definition of Active trust
1. Noun. A trust in which the trustee must perform certain duties.
Lexicographical Neighbors of Active Trust
Literary usage of Active trust
Below you will find example usage of this term as found in modern and/or classical literature:
1. Prideaux's Precedents in Conveyancing: With Dissertations on Its Law and by Frederick Prideaux, John Whitcombe (1889)
"active trust. An active trust is where the instrument imposes on the trustee some special duty ... How an active trust may become a bare trust. Election. ..."
2. Handbook of Equity Jurisprudence by James Webster Eaton (1901)
"An active trust, or a special trust, as it is sometimes called, ... In an active trust the cestui que trust only possesses the right to enforce in equity ..."
3. Commentaries on the Law of Trusts and Trustees: As Administered in England by Charles Fisk Beach (1897)
"Where an active trust Becomes Passive.— Where the object or objects for which an active trust is Burnett. 11 Ohio, 334; Nicoll v. Walworth. ..."
4. A Treatise on the American Law of Real Property by Emory Washburn, Joseph Willard, Simon Greenleaf Croswell (1887)
"A trust to collect rents, income, and profits, pay charges, taxes, and repairs, and pay the net income to a life-tenant, is an active trust. ..."