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.

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