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Definition of Direct trust
1. Noun. A trust created by the free and deliberate act of the parties involved (usually on the basis of written documentation).
Lexicographical Neighbors of Direct Trust
Literary usage of Direct trust
Below you will find example usage of this term as found in modern and/or classical literature:
1. Reports of Cases Argued and Determined in the High Court of Chancery: During by Francis Vesey, Great Britain Court of Chancery, John Beames, John Scott Eldon (1813)
"0 Distinction between a direct Trust and a Charge; though enforced in Equity much
in the same \\ay Stopping at this Part of the Will, \\here the Testatrix ..."
2. A Practical Treatise on the Law of Trusts and Trustees by Thomas Lewin (1837)
"It is a well-known rule, that, as between cestui que trust and trustee in the
case of a direct trust, no length of time is a bar; for, from the privity ..."
3. Lawyers' Reports Annotated by Lawyers Co-operative Publishing Company (1905)
"To exempt a trust from the bar of the Statute, it must be a direct trust and ...
The rule is well settled that no lapse of time is a bar to a direct trust, ..."
4. Reports of Cases Adjudged in the Court of Chancery of New-York by New York (State). Court of Chancery, William Johnson (1824)
"The act of incorporation created a direct trust, which was to be managed by five
directors, for the benefit of the stockholders. The rule is well settled, ..."
5. An Analytical Digest of the Law and Practice of the Courts of Common Law by Ephraim Arnold Jacob, Samuel Bealey Harrison, Robert Alexander Fisher (1884)
"3(5, when it appears that the mines and other real estates were not vested in
the purser or any person on a direct trust for the shareholders ¡is tenants in ..."
6. The American State Reports: Containing the Cases of General Value and by Abraham Clark Freeman (1903)
"Every deposit is a direct trust. Every person who receives money to be paid to
another; or to be applied to a particular purpose to which he does not apply ..."
Other Resources:
