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Executory trust

Ballentine's Law Dictionary · James A. Ballentine · 1916

Ballentine's Law Dictionary

One in which the limitations are imperfectly declared, and the donor's intention is so generally expressed that something not fully declared is required to be done in order to complete the trust and to give it effect. See 144 Pa. St. 428, 27 Am. St. Rep. 641, and note, 22 Atl. 916.