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Passive trust

Black's Law Dictionary · Henry Campbell Black, M.A. · 1910

Black's Law Dictionary

A trust as to which the trustee has no active duty to perform. Goodrich v. Milwaukee.

24 Wis. 429 ; Perkins v. Brink-lev. 133 N. C. 154. 45 S. E. 542; Holmes v. Walter, 118 Wis. 409. 95 N. W. 380, 62 L. R. A. 986,