dry trust
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dry trust — A trust in which the trustee has no duties to perform, and in which the cestui que trust has the entire management of the estate. 54 Am J1st Trusts § 13. A voting trust of corporate stock in which the trustees have no beneficial interest and… … Ballentine's law dictionary
dry trust — noun : passive trust … Useful english dictionary
trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… … Law dictionary
trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… … Black's law dictionary
dry — adj. In the vernacular, this term means desiccated or free from moisture; but, in legal use, it signifies formal or nominal, without imposing any duty or responsibility, or unfruitful, without bringing any profit or advantage; e.g. dry trust n.… … Black's law dictionary
dry — adj. In the vernacular, this term means desiccated or free from moisture; but, in legal use, it signifies formal or nominal, without imposing any duty or responsibility, or unfruitful, without bringing any profit or advantage; e.g. dry trust n.… … Black's law dictionary
Dry Hill — is a 206 acre (0.83 km2) nature preserve in New Marlborough, Massachusetts and is managed by the Trustees of Reservations. It includes a 1.5 mile (2.4 km) hiking trail of medium to strenuous difficulty.[1] References ^… … Wikipedia
Dry & Friends Music Is Alive — Live album by Dry Released November 1, 1998 Genre Cantopop Label … Wikipedia
Dry Idea — antiperspirant is part of the Dial Corporation s family of products. Formerly a Gillette Company brand, Dry Idea was sold to the Dial Corporation (a US division of the German consumer goods group Henkel [along with Soft Dri and Right Guard]) in… … Wikipedia
Dry Free — Compilation album by Dry Released October 1, 1998 Genre Cantopop Label Univer … Wikipedia
