enforceable trust

enforceable trust
A trust in which some person or class of persons have a right to all or a part of a designated fund, and can demand its transfer to them, and in case such demand is refused, may sue the trustee in a court of equity, and compel compliance with the demand. Tilden v Green, 130 NY 29, 28 NE 880. In a broader sense, a trust recognized in equity as valid and subsisting. 54 Am J1st Trusts §§ 570 et seq.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

  • Purpose trust — Wills, trusts and estates …   Wikipedia

  • Health and Welfare Trust — A Health Welfare Trust (HWT) is a tax free vehicle for financing a corporation s healthcare costs for their employees. They were introduced in 1986 by Canada Revenue Agency (CRA) in their interpretation bulletin entitled IT 85R2. Few companies… …   Wikipedia

  • precatory trust — A term of dual meaning: (1) a trust which is not enforceable for the reason that the words of entreaty or permission relied upon to create a trust are not to be construed as words of command or direction so as effectively to create a trust; (2) a …   Ballentine's law dictionary

  • honorary trust — noun : a transfer of property for a designated noncharitable purpose that empowers the transferee to apply the property to the designated purpose or else to surrender it to the one making the transfer or to his estate and that is not enforceable… …   Useful english dictionary

  • Roman Law —     Roman Law     † Catholic Encyclopedia ► Roman Law     In the following article this subject is briefly treated under the two heads of; I. Principles; II. History. Of these two divisions, I is subdivided into: A. Persons; B. Things; C. Actions …   Catholic encyclopedia

  • Davis v. United States (1990) — Supreme Court of the United States Argued Monday March 26, 1990 Decided …   Wikipedia

  • property law — Introduction       principles, policies, and rules by which disputes over property are to be resolved and by which property transactions may be structured. What distinguishes property law from other kinds of law is that property law deals with… …   Universalium

  • South African contract law — is essentially a modernised version of the Roman Dutch law of contract, [1] which is itself rooted in Roman law. In the broadest definition, a contract is an agreement entered into by two or more parties with the serious intention of creating a… …   Wikipedia

  • Security interest — A security interest is a property interest created by agreement or by operation of law over assets to secure the performance of an obligation, usually the payment of a debt.[1] It gives the beneficiary of the security interest certain… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.