Directory Trust
Defined in 4 dictionaries — Cyclopedic (1922), Ballentine's (1916), Black's (1910), Black's (1891)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
One where, by the terms of the trust, the trust fund is directed to be vested in a particular manner until the period arrives when the trust is to be terminated. 10 Yerg. (Tenn.) 272.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
One which is subject to be moulded or applied according to subsequent directions of the grantor; one which is not completely and finally settled by the instrument creating it, but only defined in its general purpose and to be carried into detail according to later specific directions.
Defined under Trust in Black's Law Dictionary.
A Dictionary of Law
Henry Campbell Black · 1891
Where, by the terms of a trust, the fund is directed to be vested in a particular manner till the period arrives at which it is to be appropriated, this is called a “directory trust.” It is distinguished from a discretionary trust, in which the trustee has a discretion as to the management of the fund. 10 Yerg. 272,