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Definition of Passive trust
1. Noun. A trust in which the trustee performs no active duties.
Literary usage of Passive trust
Below you will find example usage of this term as found in modern and/or classical literature:
1. Handbook of Equity Jurisprudence by James Webster Eaton (1901)
"passive trust. 178. ATI express passive, or simple ... to him the legal estate.1 A
simple case of a passive trust is where A. devises or conveys property to ..."
2. A Treatise on Equity Jurisprudence, as Administered in the United States of by John Norton Pomeroy, Carter Pitkin Pomeroy (1899)
"The estate of the naked trustee in a passive trust, and a fortiori of the trustee
in an active trust, is the only legal ownership, although Pitt v. ..."
3. Handbook of the Law of Trusts by George Gleason Bogert (1921)
"2 A passive trust is purely formal. "The prime requisite of a passive trust is
that the trustee is made in form a mere holder of the legal title, ..."
4. The Law of Real Property and Other Interests in Land by Herbert Thorndike Tiffany (1903)
"... it would seem, be other than a passive trust, and consequently the distinction
here referred to may be considered as applicable to express trusts alone. ..."
5. A Treatise on the Modern Law of Real Property and Other Interests in Land by Herbert Thorndike Tiffany (1903)
"... it would seem, be other than a passive trust, and consequently the distinction
here referred to may be considered as applicable to express trust? alone. ..."
6. Cases Argued and Adjudged in the Supreme Court of the United States by United States Supreme Court, John William Wallace (1910)
"It is difficult to conceive of a more passive trust, or one in which the trustee
... Every express passive trust is abolished, and the deed or instrument by ..."
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