common law trust

common law trust
A business trust which has certain characteristics in common with corporations and in which trustees hold the property and manage the business and the shareholders are the trust beneficiaries or cestui que trust; sometimes known as a Massachusetts trust.

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • common-law trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. common law trust …   Law dictionary

  • common-law trust — A business trust which has certain characteristics in common with corporations and in which trustees hold the property and manage the business and the shareholders are the trust beneficiaries or cestui que trust; sometimes known as a… …   Black's law dictionary

  • common law trust — A business trust which has certain characteristics in common with corporations and in which trustees hold the property and manage the business and the shareholders are the trust beneficiaries or cestui que trust; sometimes known as a… …   Black's law dictionary

  • common-law trust — A business trust which has certain characteristics in common with corporations and in which trustees hold the property and manage the business and the shareholders are the trust beneficiaries or cestui que trust; sometimes known as a… …   Black's law dictionary

  • common-law trust — See business trust …   Ballentine's law dictionary

  • common-law trust — noun : massachusetts trust …   Useful english dictionary

  • common law — As distinguished from statutory law created by the enactment of legislatures, the common law comprises the body of those principles and rules of action, relating to the government and security of persons and property, which derive their authority …   Black's law dictionary

  • common law — As distinguished from statutory law created by the enactment of legislatures, the common law comprises the body of those principles and rules of action, relating to the government and security of persons and property, which derive their authority …   Black's law dictionary

  • common law — 1. the system of law originating in England, as distinct from the civil or Roman law and the canon or ecclesiastical law. 2. the unwritten law, esp. of England, based on custom or court decision, as distinct from statute law. 3. the law… …   Universalium

  • 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

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