Express Trusts Under the Common Law : a Superior And Distinct Mode of Administration, Distinguished From Partnerships, Contrasted With Corporations; Two Papers Submitted to the Tax Commissioner of Massachusetts, Under Chapter 55 of the Resolves of 1911 ..
The book Express Trusts Under the Common Law : a Superior And Distinct Mode of Administration, Distinguished From Partnerships, Contrasted With Corporations; Two Papers Submitted to the Tax Commissioner of Massachusetts, Under Chapter 55 of the Resolves of 1911 .. was written by author Chandler, Alfred Dupont, 1847-1923 Here you can read free online of Express Trusts Under the Common Law : a Superior And Distinct Mode of Administration, Distinguished From Partnerships, Contrasted With Corporations; Two Papers Submitted to the Tax Commissioner of Massachusetts, Under Chapter 55 of the Resolves of 1911 .. book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Express Trusts Under the Common Law : a Superior And Distinct Mode of Administration, Distinguished From Partnerships, Contrasted With Corporations; Two Papers Submitted to the Tax Commissioner of Massachusetts, Under Chapter 55 of the Resolves of 1911 .. a good or bad book?
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142, 173. Executors and administrators "are regarded in almost every respect, in courts of equity, as trustees'' (Woerner on Administration, pp. 10, 798, 1117); their title, however, in the estate of the deceased is in autre droit merely {id. p. 386; 207 Mass. 6, 10); but the title held by Trustees under an Express Trust is absolute in the Trustees. It is incorrect to say that because stockholders in cor- porations are accorded certain exemptions from liability, that therefore trustees, partner...s, and others who employ the common-law right of limiting liability, are imitating corporations, or arrogating some of their privileges, for it is the corporations that are allowed to imitate or to rec- ognize and employ just what individuals and trustees and partners have a natural common-law right to do, and have been doing for an indefinite period, without bor- rowing any later day corporate incident. In substantiation of the right of Trustees to limit their liability by contract under the common law, the following authorities are conclusive : — 32 / "A trustee can be held personally for material ordered by him for the trust estate, and on contracts made by him in its behalf, unless there be a special agreement to look only to the trust." I.
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