Equitable Asset - Law Dictionary Search Results
equitable asset
Matched in: Term equitable asset
Equitable assets
Matched in: Term Equitable assets
equitable adoption
Matched in: Term equitable adoption
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equitable distribution
Matched in: Term equitable distribution
Assets
administration of the estate of a deceased person assets were, before 1925, divided into two classes, legal and equitable. Legal assets comprised all property to which the personal representative became entitled virtute officii and for which he … Assets [fr. assetz, Nor.-Fr., i.e., satis, Lat.; assez, Fr., sufficient; in Old English it was commonly written asseth], the
asset
Matched in: Term asset
Equitable estates and interests
Matched in: Term Equitable estates and interests
Lien
has committed an act of bankruptcy or not. Sale of Goods Act, 1893 (56 & 57, Vict. 71). Equitable liens are not necessarily possessory, they are charges arising by implication of equity on the property in the … must also be an actual or constructive possession by the party asserting it, with the express or implied asset of the party against whom it is asserted. It must not be inconsistent with the express terms or
interest
interest in this entry controlling interest : sufficient stock ownership in a corporation to exert control over policy equitable interest : an interest (as a beneficial interest) that is held by virtue of equitable title or that … or that may be claimed on the ground of equitable relief [claimed an equitable interest in the debtor's assets] executory interest : a future interest other than a remainder or reversion that may take effect upon the
Executor
he has been legally invested with his representative character, to retain out of any assets [either legal or equitable (English) A.E. Act, 1925, s. 34(2)], see O' Grady v. Wilmot, (1916) 2 AC 231, for the previous … received. (5) It is the duty of the executor to collect and speedily reduce into money the personal assets, when not otherwise directed, especially if they be of a perishable nature. (6) As an executor cannot sue
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