active trust
Definition
Trust where the trustee (called active trustee) has 'active' duties, in addition to the duty of handing over the trust assets to its beneficiary. Such duties may include collection and transfer (to the beneficiary) of profits, rents, and/or sale-proceeds. Also called special trust. See also bare trust.
active trust is in the Corporate, Commercial, & General Law and Investing subjects.
active trust appears in the definitions of the following terms: bare trust and special trust
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