active trust

A trust in which the trustee has some affirmative duty of management or administration besides the obligation to transfer the property to the beneficiary.

— Also termed express active trust; special trust; operative trust. Cf. passive trust. [Cases: Trusts 135. C.J.S. Trover and Conversion §§ 13, 242.]

---

词条贡献者

法律翻译Bryan，毕业于新加坡知名法学院，专注翻译各类与私募股权有关的法律文件。