void trust

  

Definition

Trust that is illegal or against the public policy. For example, a trust that is to become operative on the future separation of a married couple is a void trust because such separation is undesirable. Property of a void trust is held in a resulting-trust. Also called unlawful trust. See also voidable trust.

Related Videos




http://www.businessdictionary.com/definition/void-trust.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z