Direct Beneficiary - Law Dictionary Search Results
direct beneficiary
Matched in: Term direct beneficiary
beneficiary
Matched in: Term beneficiary
Public trustee
13 an investigation and audit of trust accounts may be made at the instance of any trustee or beneficiary, by some agreed solicitor or accountant, and in default of agreement by the Public Trustee or some person … were two or more; but he cannot be appointed a new or additional trustee when the trust instrument directs the contrary unless the court otherwise order, and notice of any proposed appointment must be given to the
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Trust
Trust, is a comprehensive expression, as covering not only the relationship of trustee and beneficiary but also that a bailor and bailee master and servant pledger and pledgee, guardian and ward and all … himself likewise being aided and protected in the proper performance of his trust when he seeks the Court's direction as to its management. Every kind of property in which a legal interest may be given, whatever may
Cestui que trust
Roman Law obligations analogous to trusts could only be crated by testament; the trustee was (Heres) 'fiduciarius'; the beneficiary, 'fideicommissarius.' Sandars, Inst. Lib. 2 tit. XXIII.
privity
-ties [Old French privité privacy, secret, from Medieval Latin privitat- privitas, from Latin privus private] 1 : the direct connection or relationship between parties to a contract or transaction (as a purchase) [ of contract] see also … strict liability and implied warranty, however, the right to sue has been extended to those, such as third-party beneficiaries and members of a purchaser's household, whose use of a product is foreseeable. 2 a : a mutual
Trust for sale
vested as a rule in the trustees so that with or without consent of any other person as directed by the donor or testator they could vest the whole estate in a purchaser without his seeing to … and well-drawn wills. The effect was to convert realty into personalty so that the proceeds devolved upon the beneficiaries as personalty unless they elected to take the property as realty (see CONVERSION), except that upon a lapse
trustee
a natural or legal person to whom property is committed to be administered for the benefit of a beneficiary (as a person or charitable organization) : the holder of legal title to property placed in a trust … keep or administer something: as a : a member of a board entrusted with administering the funds and directing the policy of an institution or organization b : a country charged with the supervision of a trust
Person interested
might produce, Chagan Lal v. Astor Quisth, AIR 1972 AP 49: (1971) 2 Andh WR 347. Means the beneficiary i.e. local, authority or company, a co-operative society registered under the relevant state law, or statutory authority is … Person interested, is given an inclusive definition which should be liberally construed to embrace all persons who may directly or indirectly be interested either in the title of the land or in quantum of compensation, Gurmit Kaur
Conversion, equitable
it is destined to be changed. See 3 & 4 Wm. 4, c. 74, s. 71. But the beneficiary, or all the beneficiaries together, provided they are sui juris and unanimous, may elect to take the property … Conversion, equitable. It is an established principle that money directed to be employed in the purchase of realty, and realty directed to be sold and turned into money,
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