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Y.) 200; reer v. Lake, 115 Il

Categories: Contracts

Definition (1910 Edition)

662, 4 N. E. 512; Dodson v. Ball, 60 Pa. 496, 100-Am. Dec. 586.—Spendthrift trust. See SreNDTHRIFT. —Transgressive trust. A name sometimes applied to a trust which transgresses or violates ie rule against perpetuities. See Pulitzer v. dvingston, 89 Me. 359, 36 Atl. 635.—Trust company. A corporation formed for the purpose of taking, accepting, and executing all such trusts as may be lawfully committed to it, and acting as testamentary trustee, trustee under deeds of settlement or for married women, executor, guardian, etc. To these functions are sometimes (but not necessarily) added the business of acting as fiscal agent for corporations,
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.