passive trust

passive trust

A trust in which the trustee has no duty other than to transfer the property to the beneficiary.

¡ª Also termed dry trust; general trust; nominal trust; simple trust; naked trust; ministerial trust; technical trust. See bare trustee under TRUSTEE. Cf. active trust. [Cases: Trusts 136. C.J.S. Trover and Conversion ¡ì¡ì 13, 243.]


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