Executory Trusts - Law Dictionary Search Results
Executory trusts
Matched in: Term Executory trusts
executory trust
Matched in: Term executory trust
Trust
thus:- (I.) Express, or defined by words; divided into- (a) Trusts executed, perfect, complete, or constituted. (b) Trusts executory, imperfect, incomplete, or directory. (II.) Arising by operation of law, such as (a) Constructive, which arise when property
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Uses
considerations. (b) Those arising by act of law, which were either- (1) Resulting; (2) Implied. II. Future or executory, distributable into: (a) Shifting or secondary; (b) Springing; (c) Contingent. See TRUSTS. Objections to uses before the Statute:-
Perpetuity
Prasad v. Ram Mohit Hazara, AIR 1967 SC 744: (1967) 1 SCR 293. Is a future limitation, whether executory or by way of remainders, and of either real or personal property which is not to vest until … destroyed by barring the entail; but should the entail be preceded by a term for years, and its trusts be postponed until the failure of the issue in tail, they will be void, because limited to arise
Executed trust
of his trust, it would be more accurate to substitute the terms 'passive' or 'active' for executed and executory trusts.
trust
by the trustee but preserve the property and execute the purpose of the trust to benefit the beneficiaries executory trust : a trust in which the settlor or trustee has duties to perform (as securing the property, … such a relationship see also beneficiary, cestui que trust, corpus declaration of trust at declaration, principal, settlor NOTE: Trusts developed out of the old English use. The traditional requirements of a trust are a named beneficiary and
Passive trust
estate to be taken by the trustee, the courts endeavoured in the case of devises by will land executory contracts to give by construction the quantity originally requisite to satisfy the trust in every event, although the … of some pre-existing law. For similar reasons equitable interests were after the statute revived under the form of trusts. as such, they continued to flourish, notwithstanding the singular amelioration effected at a later period in the law
Imperfect trust
Imperfect trust, an executory trust, which has not been sufficiently declared or constituted, some-thing remaining to be done to perfect it, will … Imperfect trust, an executory trust, which has not been sufficiently declared or constituted, some-thing remaining to be done to perfect
Articles, Marriage
Heath, (1852) 15 Beav 408. In equity the Articles are considered as minutes of agreement and to create executory trusts, and the Court will give effect to the intention accordingly without strict or any regard to an improper
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