Equitable Interest - Law Dictionary Search Results
Power
by law, and whether created before or after the Act, will operate only in equity and are termed equitable powers. The only exceptions are legal powers (see ibid., s. 1 (8)) which can operate in law after … Law authori-ties; (2) declarations, or directions, operating only on the conscience of the persons in whom the legal interest is vested; or (3) declarations or directions deriving their effect from the Statute of Uses. A power given
Uses
and laid the foundation of modern conveyancing. Before the Statute of Uses, a use was in its nature equitable, as such; it may be defined to have been a right in Chancery to the beneficial ownership of … this statute was the total destruction of the use, by effecting an amalgamation of the legal and equitable interests; but this object, if it existed, has failed owing to the equitable jurisdiction of the Courts of Chancery
Notice
to the forgoing limitations on the doctrine and effect of notice, a purchaser of a legal estate or equitable interest in land will be affected by every and any right, equity, or incumbrance of which he has actual … who have received notices of equitable interests are obliged to produce them to any person interested in the equitable interest, at the cost of the latter. In regard to priority of charges, s. 97 of the (English) Law
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trust
in which one party holds legal title to another's property for the benefit of a party who holds equitable title to the property b : an entity resulting from the establishment of such a relationship see also … purpose of making profit and that is usually characterized by some kind of commercial activity, transferable certificates of interest, existence continuing after the death of beneficiaries, limited liability, legal title in the hands of trustees, and officers
Dearle v. Hall
action was determined by priority in date of notice to the trustees or other owners of the legal interest in the property assigned, see Ward v. Duncombe, 1893 AC 369. The rule did not extend to equitable … the assignment, Ryall v. Rowles, 1 Ves Sess 348. Before 1926 the rule was that the priority of equitable assignments of debts and other choses in action was determined by priority in date of notice to the
Trust
A trust will be enforced wherever there is a valuable consideration; but, if it be merely voluntary, the equitable interest will not be enforced, unless an actual trust be created, and no act remains to be done to
title
a spouse and is included in community property paper title : title shown on a document [had an equitable interest in the property though paper title was held by her husband] par·a·mount title [par-ə-mant-] : title that renders
Estate
according to its nature; technically, in regard to land, the word is used to denote the quantity of interest, e.g., estate in fee simple, for life, for years, etc., in either legal or equitable estates. In practice … either an estate in land; or an estate in property other than land; a legal estate or an equitable estate, land being an immovable is capable of being the subject of many estates existing concurrently with each
Abstract of title
lessened the inconvenience of this doctrine: see LEGAL ESTATE; PERSONAL REPRESENTATIVES; SETTLEMENT; MORTGAGE; TRUSTEES FOR SALE; UNDIVIDED SHARES; EQUITABLE INTERESTS, BANKRUPTCY and VESTING ORDERS. Abstracts on behalf of vendors who are absolute owners entitled in fee simple … a mortgagee or purchaser of real property, summarising the history of a piece of land including all conveyances interests, lines & encumbrances that reflect title to property, Black's Law Dictionary, 7th Edn., an epitome of the evidence
Interest
Matched in: Term Interest
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