Appointive Asset - Law Dictionary Search Results
appointive asset
Matched in: Term appointive asset
asset
Matched in: Term asset
administrator
administrator 1 : a person appointed by a probate court to manage the distribution of the assets in the estate of a person who … administrator 1 : a person appointed by a probate court to manage the distribution of the assets in the estate of a person who has died without leaving a valid will or leaving a will
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Administrator
Undertaking and Repeal) Act, 2002 (58 of 2002). [Income Tax Act, 1961, s. 80C(8)(i)]. Administrator means a person appointed by competent authority to administer the estate of a deceased person when there is no executor. [Indian Succession … the capacity in which the proposed Administration applies. Means a person appointed by the court to manage the assets and liabilities of an interstate decedent. This term once referred to males only (as opposed to administratrix), but
revert
(as to a former status or state) [if the donee of a general power fails to exercise it…the appointive assets to the donor's estate "W. M. McGovern, Jr. et al."] 2 : to return to the grantor … to a former status or state) [if the donee of a general power fails to exercise it…the appointive assets to the donor's estate "W. M. McGovern, Jr. et al."] 2 : to return to the grantor or
receiver
tax payments or returns and other related duties (as the maintenance of tax rolls) 2 : a person appointed by the court to hold in trust and administer property in litigation ;esp : one appointed to administer, … in trust and administer property in litigation ;esp : one appointed to administer, conserve, rehabilitate, or liquidate the assets of an insolvent corporation for the protection or relief of creditors compare conservator, liquidator
administration
an administrator b : the management of an estate (as of a minor) by a trustee or guardian appointed to take charge of it c : the management of assets held in a trust 3 : the … a minor) by a trustee or guardian appointed to take charge of it c : the management of assets held in a trust 3 : the execution of public affairs as distinguished from policy-making 4 a :
liquidator
liquidator : one that liquidates ;esp : an individual appointed by law to liquidate assets compare receiver … liquidator : one that liquidates ;esp : an individual appointed by law to liquidate assets compare receiver
Debtor-Executor
Debtor-Executor. At law, if a testator appoints his debtor executor, the debt is released. In equity, however, the executor is accountable for the amount of … the debt is released. In equity, however, the executor is accountable for the amount of his debt, as assets of the testator. See Freakley v. Fox, 9 B. & C. 134; Re Hyslop, (1894) 3 Ch 522;
trust
trust : a marital trust created in order to qualify for the marital deduction ;esp : power of appointment trust in this entry marital trust : a testamentary trust naming a surviving spouse as the beneficiary see … receive payments of a fixed percentage and not less than five percent of the value of the trust assets as determined annually for a specified period after which the remainder passes to charity charitable trust : a
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