The cestui que trust may in most jurisdictions, transfer his equitable interest,87 except in so far as his power in this respect may be restrained by the purpose of the trust or valid stipulations against alienation in the instru84. 1 Perry, Trusts, Sec.Sec. 427, 429, 432, 454, 538; notes to Keech v. Sandford, 1 White & T. Lead. Cas. Eq. 48; Miller v. Davidson, 8 111. 518, 44 Am. Dec. 715; Green v. Winter, 1 Johns. Ch. (N. Y.) 27, 7 Am. Dec. 475; Chorpenning's Appeal, 32 Pa. St. 315, 72 Am. Dec. 789; Myers v. Myers, 2 McCord, Eq. (S. C.) 214, 16 Am. Dec. 648.

85. Keech v. Sandford, Sel. Ch. Cas. 61; Finnegan v. McGuffog, 203 N. Y. 342, 96 N. E. 1015.

86. Lewin, Trusts (12th Ed.) 201 et seq., 1 Perry Trusts. Sec.Sec. 196, 197.

87. 1 Perry, Trusts, Sec. 386; Lewis v. Hawkins, 23 Wall. (U. S.) 119, 23 L. Ed. 113; Riordan v. Schlicher, 146 Ala. 615, 41 So. 842; Honnett v. Williams, 66 Ark. 148, 49 S. W. 495; Security, Trust & Safe Dep. Co. v. Martin, 10 Del. Ch. 330, 92 Atl. 245; McFall v. Kirkpatrick, 236 Til. 281, 86 N. E. 139; Sinclair v. Gunzenhauser, 179 Ind. 78, 98 N. E. 37, 100 N. E. 376; Benley v. Curtis, 92 Ky. 505, 18 S. W. 357; Houghton v. Tiffany, 116 Md. 655, 82 Atl. 831; Boston Safe Deposit & Trust Co. v. Luke 220 Mass. 484, 10 N. E. 4; Dibrell input creating the trust.88 In New York and a few other states there are statutory provisions precluding an asignment of his interest by the beneficiary under certain classes of trusts, and providing for the termination of the trust upon such assignment.89

The cestui que trust may devise his interest, with the formalities required by statute in making a will,89a and on his death intestate if passes to his heirs in the same course of descent as a legal estate.90