Legal Opinion

Long v. Tradesmens Natl. B. T. Co.

Superior Court of Pennsylvania

Decided November 17, 1932No. Appeal 354PublishedCited by 16 opinions

1Opinion of the Court

Opinion by

Keller, J.,

It makes little difference, in our opinion, in this case, whether the trust created by Long is active or passive, because no person but himself has any present or future interest in it. Where a trust is created for the benefit of another person, the question whether it is active or passive becomes of importance, for in the latter case, the cestui que trust, or beneficiary in trust, has the right to have it terminated for, his benefit, and have the possession of the estate; while if it is active he does not have such right: Stafford’s Est., 258 Pa. 595, 599. But where the…

2Cases cited20 opinions

  1. Stafford's EstateSupreme Court of Pennsylvania · 1917
  2. Harrar's EstateSupreme Court of Pennsylvania · 1914
  3. Wilson v. AndersonSupreme Court of Pennsylvania · 1898
  4. Rehr v. Fidelity-Philadelphia Trust Co.Supreme Court of Pennsylvania · 1933
  5. Nolan v. NolanSupreme Court of Pennsylvania · 1907

15 more not listed; retrieve them via the Exa API.

3Cited by16 opinions

  1. H. M. Byllesby & Co. v. DoriotCourt of Chancery of Delaware · 1940
  2. Weymouth v. Delaware Trust Co.Court of Chancery of Delaware · 1946
  3. Fidelity Union Trust Co. v. ParfnerNew Jersey Court of Chancery · 1944
  4. Dewees v. CommissionerUnited States Tax Court · 1943
  5. Manice v. THE HOWARD SAVINGS INSTITUTIONNew Jersey Superior Court Appellate Division · 1954

11 more not listed; retrieve them via the Exa API.

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