Naked Trust
Defined in 4 dictionaries — Cyclopedic (1922), Ballentine's (1916), Bouvier (1914), Black's (1910)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
A passive trust.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Same as Dry trust.
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
A dry or passive trust; one which requires no action on the part of the trustee, beyond turning over money or property to the cestui que trust. See Trust.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
A dry or passive trust; one which requires no action on the part of the trustee, beyond turning over monev or property to the cestui que trust
Defined under Trust in Black's Law Dictionary.