Executor Fund - Law Dictionary Search Results
executor fund
Matched in: Term executor fund
fund
Matched in: Term fund
administer
of [ a trust fund] b : to settle (an estate) under a court appointment as administrator or executor 3 a : to give ritually [ an oath] b : to give (as a narcotic) for the
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Payment of Money into Court
the Chancery practice of payment or transfer into court of money or funds in the hands of an executor or trustee who is unable to obtain a good discharge from the person beneficially entitled. This was formerly … into Court in an action, is the Chancery practice of payment or transfer into court of money or funds in the hands of an executor or trustee who is unable to obtain a good discharge from the
Contingent legacy
a contingency; e.g., if the legatee attain twenty-one. The contingency may only relate to the disposal of the fund, or it may relate to the position or existence of the beneficiary; in the first case as in … legacy if he dies under that age. These are said to be positive rules of construction, Williams on Executors and Administrators, 12th Edn. P. 794, but the prima facie inference may be negatived by the context of
Public trustee
of the property of a convict under the Forfeiture Act, 1870; and he may also be appointed an executor and obtain a grant of probate (s. 5). He may be appointed a trustee whether the trust instrument … estate, nor a trust exclusively for religious or charitable purposes [s. 2, sub-sections (3), (4), (5)] The Con-solidated Fund is, speaking generally, liable to make good all sums required to discharge any liability which the Public trustee,
Breach of trust
Breach of trust, a violation of duty by a trustee, executor, or other person in a fiduciary position. In some cases a breach of trust may be a comparatively … breach by a trustee of the terms of a trust (as by stealing from or carelessly mishandling the funds), Webster's Dictionary of Law, Indian Edn. (2005), p. 58. Means a trustee's violation of either the trust's terms
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 … the operation of a decree or order of a Court of Equity; they were treated as a trust fund, and on the principle of equality being equity are divided pari passu among the creditors without regard to
Legacy
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 … diamond ring.' (3) Demonstrative, when it is in its nature a general legacy, but there is a particular fund pointed out to satisfy it, as if a testator bequeath 1,000l. out of his Reduced Bank Three per
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