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Equitable Interest - Law Dictionary Search Results

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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, s.

Base fee

1st January, 1926, these base fees have lost their quality of legal estates and have been reduced to equitable interests by the (English) L.P. Act, 1925, s. 1(32). Under s. 130(1) of that Act, the right to … January, 1926, these base fees have lost their quality of legal estates and have been reduced to equitable interests by the (English) L.P. Act, 1925, s. 1(32). Under s. 130(1) of that Act, the right to bar

assignment

which the assignor's interest in the property or right being assigned is terminated and transferred to the assignee equitable assignment : an assignment (as of property in which one has a future interest) that is not valid

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Attendant term

or, if deceased, in their personal representatives; but the person entitled to the inheritance then became, according to equitable principle, entitled to the beneficial interest in such term, and the term or was held to be such

Banking policy

interests of the depositors, the volume of deposits and other resources of the bank and the need for equitable allocation and the efficient use of these deposits and resources. [Banking Regulation Act, 1949 (10 of 1949), s. … any policy means any policy which is specified from time to time by the Reserve Bank in the interest of the banking system or in the interest of monetary stability or sound economic growth, having due regard

Trust for sale

Beneficiaries under a trust for sale had no estate in the land but only in the proceeds (see EQUITABLE ESTATES) so long as the trust continued. A testamentary trust for sale of leasehold land was subject to … property. For other provisions see also ss. 32 to 39, and UNDIVIDED SHARES. As to the over-reaching equitable interests upon sale by properly appointed trustees for sale, see ss. 2 (2) and 28 of the (English) Law

Quasi-entail

before 1926, have been effected by any method of conveyance except a will; after 1926, these estates became equitable interests only and may be devised or barred by will. See AUTRE VIE. … his heirs, but to a man and the heirs of his body, which is termed a quasi-entail; the interest so granted not being properly an estate-tail (for the statute De Donis applies only where the subject of

Vested remainder

as an estate in possession, 2 Cru. Dig. 204. Interests in remainder can now only take effect as equitable interests: see Law of Property Act, 1925, s. 1; and Settled Land Act, 1925, s. 1. … alien, and charge it much in the same manner as an estate in possession, 2 Cru. Dig. 204. Interests in remainder can now only take effect as equitable interests: see Law of Property Act, 1925, s. 1;

Conditional fee

Conditional fee. This species of formerly inheritable freehold (now, equitable interest, except under (English) Law of Property Act, 1925, s. 8) is marked, as to its duration or time

Contingent remainder

the Law of Property Act, 1925, s. 1. S. 4, whoever, provides that they can take effect as equitable interests, and any instrument creating a contingent remainder has become a settlement under s. 1 (ii) of the … Law of Property Act, 1925, s. 1. S. 4, whoever, provides that they can take effect as equitable interests, and any instrument creating a contingent remainder has become a settlement under s. 1 (ii) of the (English)

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