Definition of SPECIAL TRUST.


SPECIAL TRUST.

A special trust, is one where a trustee is
interposed for the execution of some purpose particularly pointed out, and is
not, as in the case of a simple trust, a mere passive depositary of the estate,
but is required to exert himself actively in the execution of the settler~s
intention; as, where a conveyance is made to trustees upon trust to reconvey,
or to sell for the payment of debts. 2 Bouv. Inst. n. 1896. See Trust.




Source: Bouviers Law Dictionary 1856 Edition

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