bare trust
Definition
Trust under which a trustee (called 'naked trustee' or 'simple trustee') only conveys the trust's assets to the beneficiary (according to trust's provisions) and has no other duty under the trust. Also called naked trust or simple trust. See also active trust.
bare trust is in the Corporate, Commercial, & General Law and Investing subjects.
bare trust appears in the definitions of the following terms: active trust, simple trust and naked trust
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