Executory Trust
A Dictionary of Law · Henry Campbell Black · 1891
A Dictionary of Law
One whichrequires the execution of some further instrument, or the dving of some further act, on the part of the ereator of the trust or of the trustee, towards its complete creation or full effect. An erected trust is one fully created and of immediate effect. These terms do not relate to the execution of the trust as regards the beneficiary.