Executed Trust
Bouvier's Law Dictionary and Concise Encyclopedia · John Bouvier; revised by Francis Rawle · 1914
Bouvier's Law Dictionary and Concise Encyclopedia
A trust of which the scheme has in the outset been completely declared.
Ad. Eq. 151.
One in which the devise or trust is directly and wholly declared by the testator or settler, so -as to attach on the lands immediately under the deed or will itself.
1 Greenl.
Cruise, Dig. 385; 1 Jac. & W. 570. "A trust in which the estates and interest in the subject-matter of the trust are completely limited and defined by the instrument creating the trust, and require no further instruments to complete them." Bisph. Eq..
31.
See Trust; Executory Trust. Also used when, by the statute of uses, the property passes directly to the beneficiary, being executed by the statute.
See Executed Use.