Active trust
Defined in 3 dictionaries — Ballentine's (1916), Bouvier (1914), Black's (1910)
Ballentine's Law Dictionary
James A. Ballentine · 1916
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.
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
See Trust.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
One which imposes upon the trustee the duty of taking active measures in the execution of the trust, as, where property is conveyed to trustees with directions to sell and distribute the proceeds among creditors of the grantor; distinguished from a "passive" or "dry" trust.
Defined under Trust in Black's Law Dictionary.