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Simple trust

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

Black's Law Dictionary

A simple trust corresponds with the ancient use, and is where property is simply vested in one person for the use of another, and the nature of the trust, not being qualified by the settler, is left to the construction of law. It differs from a special trust.

Perkins v. Brinkley, 133 N. C. 154. 45 S. E. 541; Cone v. Dunham, 59 Co.nn. 145. 20 Atl. 311, 8 L. R. A. 647; Dodson v. Bali, 60 Pa. 500. 100 Am. Dec. 586