Equitable Executor - Law Dictionary Search Results
Equitable executor
Matched in: Term Equitable executor
Assets
It was the remedy of the creditor, therefore, whether legal or equitable, and not the remedy of the executor, or the legal or equitable nature of the property, which determined whether assets were legal or equitable. See … 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
Executor
Matched in: Term Executor
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Equitable assets
Matched in: Term Equitable assets
Conversion, equitable
Matched in: Term Conversion, equitable
Autre vie, Estate pur
The lowest estate of freehold which the law allowed before 1926. After 1925 the estate has become an equitable interest, (English) Law of Property Act, 1925, s. 1. If limited to the grantee and his heirs, it … to the grantee and his heirs, it passed to the grantee's heirs or special occupants; if granted to executors or administrators, they took, as special occupants, if in that case or if there was no special occupant
Retainer of debts
of the administration bond) has a legal right to retain his own debt out of the legal or equitable [(English) Administration of Estates Act, 1925, s. 34 (2)] assets in priority to all other creditors of equal … Retainer of debts. An executor or administrator (not being a creditor-administrator, who is now precluded from retaining by the form of the administration
Legacy
of the (English) County Courts Act, 1888, taken from the repealed Act of 1865, which first gave an equitable jurisdiction to County Courts. See now (English) County Courts Act, 1934, s. 52. Pecuniary legacies bear interest from … 1934, s. 52. Pecuniary legacies bear interest from the expiration of twelve months from the testator's death; the executor may pay them before, but he is not compelled to do so. Upon and subject to the particular
Infant
as there provided and in the meantime to hold the land in trust for the infant, but an equitable interest in settled land may be vested in or transferred to an infant. Under the Judicature Act, 1925, … Articles of apprenticeship [see Green v. Thompson, (1899) 2 QB 1], executed contracts of marriage, representative acts as executor or trustee, contracts for necessaries. In an action brought for the price of goods, if the defendant pleads
Deed
interest or relinquish any right should come first, and amongst them, those having legal estates before those having equitable only, and the larger interests should precede the lesser. Then consenting parties and covenantors. After these, those who … Lastly, those who are inserted to fix them with notice of the deed, as creditors, legatees, trustees, and executors. When a person acts in two or more capacities, he should be named in distinct parts, according to
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