§ 42-1013. Trust powers imperative--Duty upon grantee.

Current through October 23, 2012

Every trust power, unless its execution or non-execution is made expressly to depend on the will of the grantee, is imperative and imposes a duty on the grantee the performance of which may be compelled in equity for the benefit of the parties interested.

                
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(Mar. 3, 1901, 31 Stat. 1354, ch. 854, § 1049.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 45-113.

1973 Ed., § 45-1013.