A passive trust; one which requires no action on the partof the trustee beyond turning over money or property to the cestui que trust. Bradfordv. Robinson, 7 Houst. (Del.) 29, 30 Atl. 670; Cornwell v. Wulff. 148 Mo. 542, 50 S. W. 439, 45 L. R. A. 53.
Link to This DefinitionDid you find this definition of DRY TRUST helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary