bare trustee

One whose trust is to convey, and the time has arrived for a conveyance by him. Trustee of a dry trust; or a trustee to whose office no duties were originally attached, or who, although such duties were originally attached to his office, would, on the requisition of his cestuis que trust, be compellable in equity to convey the estate to them or by their direction

Black's law dictionary. . 1990.

Look at other dictionaries:

  • bare trustee — ➔ trustee * * * bare trustee UK US noun [C] UK ► LAW a person or organization that holds money, property, or other assets for someone only until the time they have the right to own it themselves: »You could buy the house for your grandson and… …   Financial and business terms

  • bare trustee — See bare trust. Practical Law Dictionary. Glossary of UK, US and international legal terms. 2010 …   Law dictionary

  • bare trustee — A trustee whose sole function is to hold the title to the trust property. See dry trust; passive trust …   Ballentine's law dictionary

  • trustee — trust·ee 1 /ˌtrəs tē/ n 1: one to whom something is entrusted: one trusted to keep or administer something: as a: a member of a board entrusted with administering the funds and directing the policy of an institution or organization b: a country… …   Law dictionary

  • trustee — agent of a bond issuer who handles the administrative aspects of a loan and ensures that the borrower complies with the terms of the bond indenture. Bloomberg Financial Dictionary When a person is the legal owner of assets, but is holding them on …   Financial and business terms

  • trustee — Person holding property in trust. Restatement, Second, Trusts, No. 3(3). The person appointed, or required by law, to execute a trust. One in whom an estate, interest, or power is vested, under an express or implied agreement to administer or… …   Black's law dictionary

  • bare trust — A trust under which a trustee holds property for a beneficiary with no specific trust provisions. The trustee (or nominee) deals with the property in accordance with the beneficiary s directions. A bare trust can be express or implied. Related… …   Law dictionary

  • Bare Trust — A basic trust in which the beneficiary has the absolute right to the capital and assets within the trust, as well as the income generated from these assets. Bare trusts are widely used by parents and grandparents to transfer assets to their… …   Investment dictionary

  • Bare trust — A bare trust (sometimes referred to as a simple trust) is a trust in which the beneficiary has a right to both income and capital and may call for both to be remitted into his own name. He is also entitled to take actual ownership and control of… …   Wikipedia

  • related party — Under the Listing Rules, parties who are deemed to be related to a listed company in connection with transactions undertaken with the listed company. They are: • A substantial shareholder, that is a shareholder (excluding a bare trustee) who is,… …   Law dictionary

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