Active trust

Dictionary: 
Ballentine's Law Dictionary

One in which active duties are to be performed by the trustee with reference to the conveyance, evidencing an intention that the primary use of the property shall be in the trustee. See 62 L. R. A. 380.

Author: 
James A. Ballentine
Publisher: 
The Bobbs-Merrill Company
Year Published: 
1916
Genre: 
Law Dictionary