bare trustee
A trustee of a passive trust. • A bare trustee has no duty other than to transfer the property to the beneficiary. See passive trust under TRUST.
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passive trust
A trust in which the trustee has no duty other than to transfer the property to the beneficiary. — Also termed dry trust; general trust; nominal trust; simple trust; naked trust; ministerial trust; technical trust. See bare trustee under TRUSTEE. Cf. active trust. [Cases: Trusts 136. C.J.S. Trover and Conversion §§ 13, 243.]
trust ownership
A trustee’s interest in trust property. — Also termed bare ownership. [Cases: Trusts 133. C.J.S. Trover and Conversion §§ 245–246.]