nominal trust


nominal trust
A dry trust; a passive trust. A trust in which the trustee has no duties to perform, the cestui que trust having the entire management of the estate. A trust of such nature that if the trustee does what he is directed to do, the result will be the same as if the trust were executed into a legal estate. 54 Am J1st Trusts § 13.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

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