Equitable Executor - Law Dictionary Search Results
Equitable executor
Equitable executor, Where interests in property cannot be taken in execution under
Assets
assets were, before 1925, divided into two classes, legal and equitable. Legal assets comprised all property to which the personal representative … whether legal or equitable, and not the remedy of the executor, or the legal or equitable nature of the property, which
Executor
character, to retain out of any assets [either legal or equitable (English) A.E. Act, 1925, s. 34(2)], see O' Grady v. … Executor. A person appointed by a testator to carry out the
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Conversion, equitable
Conversion, equitable. It is an established principle that money directed to be … to be changed and held in trust for himself, his executors and administrators [Leingen v. Sowray, (1711) q P. Wms. 172];
Equitable assets
Equitable assets, Assets which could only be made available to creditors … and 32 of the Administration of Estates Act, 1925. See EXECUTOR.
Assent of personal representatives
reversion or remainder subject to the personal representatives' legal or equitable powers of sale (if any) and the (English) A. E. … of a deceased person, including chattels real vested in the executor, virtute officii. The property passed to the legatee as soon
Power
the Act, will operate only in equity and are termed equitable powers. The only exceptions are legal powers (see ibid., s. … power given before 1926 by a will to A., an executor, to sell an estate, to whom no estate was devised,
Uses
the Statute of Uses, a use was in its nature equitable, as such; it may be defined to have been a … assets for the payment of debts by the heir or executor. There appears to have been a distinction between a use
Execution
orders, see (English) Land Charges Act, 1925, and as to equitable charges on land in right of judgment debt, etc., see … to the end, or perform, and equivalent to the French executor, so that, when used in their proper sense, all three
Retainer of debts
to retain his own debt out of the legal or equitable [(English) Administration of Estates Act, 1925, s. 34 (2)] assets … Retainer of debts. An executor or administrator (not being a creditor-administrator, who is now precluded
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