Equitable Owner - Law Dictionary Search Results
equitable owner
Matched in: Term equitable owner
Equitable estates and interests
Matched in: Term Equitable estates and interests
Law of Property Act, 1925 (English)
fee simple, leased and mortgaged at the same time. all other estate and interests inland are reduced to equitable interests. All mortgages of the same legal estate under the statutory conditions are legal estates. None being for … of these changes being that the entirity of the legal estate should be in the hands of an owner or joint owners of full age who can deal with the whole estate without the concurrence of holders
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owner
Matched in: Term owner
Priority
other instrument under seal, or is otherwise made or constituted a specialty debt. The priority in legal and equitable assignments of equitable choses in action are determined accord-ing to the date of receipt of notice by the … determined accord-ing to the date of receipt of notice by the persons who are for the time being owners of the legal interest in the property assigned. Before 1926 the notice might be verbal; after 1926 it
Tail
Tail [fr. tailler, Fr., to prune]. An estate-tail was formerly a freehold of inheritance and is now an equitable interest which may be created after 1925 in respect of personalty as well as realty by way of … 130 (4) (ibid.)] The limitation of an estate so that it can be inherited only by the fee owner's issue or class of issue, Black's Law dictionary 7th Edn., p. 1466. An estate-tail in land now constitutes
conversion
common stock of the same company usually at a preset ratio or price and at a preset time equitable conversion : the constructive conversion of real property into personal property esp. as a result of a contract … of a real property becomes, upon the execution of a contract for the sale of the property, the owner of personal property in the form of legal title to the property that secures payment of the purchase
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 … term and is distinct from the dominion which a man has over his own estate by virtue of ownership, Stroud's Judicial Dictionary. Power, is not synonymous with jurisdiction, K.E. v. Vithu, (1899) 1 Bom LR 157. Power,
title
or encumbrances on the property [had clear title to the farm] ;broadly : marketable title in this entry equitable title : title vested in one who is considered by the application of equitable principles to be the … a : the means or right by which one owns or possesses property ;broadly : the quality of ownership as determined by a body of facts and events after-acquired title : title that vests automatically in a
Land charge
and mortgages and charges registered under the Companies Act, 1929. (ii) Limited or statutory owner's charges. (iii) Every equitable charge which is not (a) protected by a deposit of deeds, or (b) arising from or affecting an
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