Executory trust

Defined in 4 dictionaries — Ballentine's (1916), Black's (1910), Black's (1891), Burrill (1850)

Ballentine's Law Dictionary

James A. Ballentine · 1916

One in which the limitations are imperfectly declared, and the donor's intention is so generally expressed that something not fully declared is required to be done in order to complete the trust and to give it effect. See 144 Pa. St. 428, 27 Am. St. Rep. 641, and note, 22 Atl. 916.

Black's Law Dictionary

Henry Campbell Black, M.A. · 1910

One which requires the execution of some further instrument, or the doing of some further act, on the part of the creator of the trust or of the trustee, towards its complete creation or full effect. An executed trust is one fully created and of immediate effect. These terms do not relate to the execution of the trust as regards the beneficiary. Martling v. Martling, 55 N. J. Eq. 771, 39 Atl. 203 ; Oar-radine v. Carradine, 33 Miss. 729; Cornwell v. Wulff, 148 Mo. 542, 50 S. W. 489, 45 In R. A. 53; In re Fair's Estate, 132 Cal. 523, 60 Pac. 442, 84 Am. St. Rep. 70; Pillot v. Lan-don, 46 N. J. Eq. 310, 19 Atl. 25.

Defined under Trust in Black's Law Dictionary.

A Dictionary of Law

Henry Campbell Black · 1891

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.

A New Law Dictionary and Glossary

Alexander M. Burrill · 1850

A trust is so called when the transaction by which it is created is only in fieri, or relets in covenant; or where some further act is necessary to be done by the author of the trust, or the trustee, to give eflfect to it.* 2 Cra Wt Real Prop. 511, 6lS, §§ 1806, 1807. White's Lead. Eq, Cases, 18.