Equitable Owner - Law Dictionary Search Results
Pawn or Pledge
the stipulated time, the title of the pledgee becomes absolute at law; and the pledgor has only an equitable right to redeem. If, however, it be a mere pledge, as the pledgor has never parted with the … pledge should belong to the pledgor; it is sufficient if it is pledged with the consent of them owner. By the pledge of a thing, not only the thing itself is pledged, but also, as accessory, the
interest
interest in this entry controlling interest : sufficient stock ownership in a corporation to exert control over policy equitable interest : an interest (as a beneficial interest) that is held by virtue of equitable title or that … occurrence or nonoccurrence of a future event compare vested interest in this entry controlling interest : sufficient stock ownership in a corporation to exert control over policy equitable interest : an interest (as a beneficial interest) that
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 … child, who was in a lower tax bracket. Under the current rules, the settlor is treated as the owner of any portion of a trust in which he or she has a reversionary interest, and therefore taxes
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Fee-simple
the word 'simple' will not pass the estate [Re Ethel, (1901) 1 Ch 945). Even in conveying an equitable fee-simple, words of limitation were essential [Re Monckton, (1913) 2 Ch 636]. The (English) Law of Property Act, … 'assigns,' however, was not material and might have been omitted for it gave no other privilege to the owner than that which the law confers upon him by virtue of his estate, as entitling him to alien
Trust
the technical terms of the Common or Statutory Law in the limitations of legal estate. Before 1926 an equitable entail would in the case of an executory document or a bequest or devise by will pass without … must be seen, Shabbir Husain v. Ashiq Husain, AIR 1929 Oudh 225. Trust, is an obligation annexed to ownership. A trustee holds property 'subject' to an obligation, which the testator has imposed upon him, Mahadeo Ramchandra v.
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 … for the payment of debts (s. 32, ibid.). a tenant pur autre vie appears to be a 'limited owner' for the purposes of s. 20 of the Settled Land Act, 1925, see sub-s. 1(v). see SPECIAL OCCUPANT.
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 … the particular estate; they were only preserved against those destructive acts by or with the concurrence of the owner of the particular estate which prematurely determine it, and a contingent remainder still failed of effect, if the
Workmen's Compensation Act
damages the Court may assess or refer the question of compensation to the proper tribunal, subject to an equitable order for costs (Workmen's Compensation Act, 1925, s. 25). Compensation is not payable for an injury which does … engaged in plying for hire with any vehicle or vessel the use of which is obtained from the owner thereof under any contract of bailment (other than a hire purchase agreement) in consideration of the payment of
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 … in exclusion of collateral; see BASE FEE. A qualified fee confers a limited power of alienation, entitling the owner to give an interest of the same extent and continuance only to another person which he has in
Copyhold
forfeited by a second marriage or incontinency. The widow's free-bench is barred by a jointure, whether legal or equitable; or by the alienation of the copyhold lands by the husband, or even by an agreement to convey, … the steward of the manor to every tenant admitted in or after 1888, rent-charges were made redeemable, limited owners of enfranchised land might charge the land with the money paid for the enfranchisement, and the 'Land Commissioners'
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