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Executory trust |
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EXECUTORY TRUST. A trust is said to be executory where some further act is
requisite to be done by the author of the trust himself or by the trustees,
to give it its full, effect; as, in the case of marriage articles; or, as in
the case of a will, where, property is vested in trustees in trust to settle
or convey.; for, it is apparent in both of these cases, a further act,
namely, a settlement or a conveyance, is contemplated.
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