Forced Share - Law Dictionary Search Results
accretion
of a succession resulting from the failure of a coheir or colegatee to take his or her own share … or the consequent acquisition of land accruing to the owner by the gradual or imperceptible action of natural forces (as by the washing up of sand or soil from the sea or a river or by a
will
but a joint will need not contain reciprocal provisions. mutual will : one of two separate wills that share reciprocal provisions for the disposition of property in the event of death by one of the parties [a … will : a will intended to take effect upon a certain contingency and usually construed as having absolute force when the language pertaining to the condition suggests a general purpose to make a will counter will :
Transfer
1970 AP 19. Transfer, cannot have the widest comprehension, and does not indicate or include compulsory transfer or forced transfer, like court auction sale, Kharva Gigabhai Mavji v. Soni Jagjivvan Kanji, 1979 (20) Guj LR 256. Transfer, … 7th Edn., p. 1504. Transfer, to convey; to make over to another; the document by which property, as shares in public companies, is made over by one to another. The Real Property Act, 1845 (8 & 9
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Bond
obligor does or forbears from some act, the obligation shall be void, or else shall remain in full force, and the bond is then called a double or conditional one; see Dav. Prec. Vol. V., pt. Ii., … bonds are registered, and interest is paid by the issue of warrants as in the case of ordinary shares. See also BEARER BONDS and DEBENTURES. Bonds are also executed to secure duty on dutiable goods to the
heir
his or her liability for the decedent's debts bod·i·ly heir : heir of the body in this entry forced heir : an heir who cannot be disinherited except for causes recognized by law ;esp in the civil … intestacy but who is not named to take under the will NOTE: Most states have statutes requiring a share of the estate to go to a pretermitted heir on the assumption that the omission was unintentional. right
Public trustee
trustee. The office of Public Trustee was established by the (English) Public Trustee Act, 1906, which came into force on 1st January, 1908. The Public Trustee is a corporation sole, and may if he thinks fit act … person is whom the legal estate is (in the first instance) to vest in certain cases of undivided shares, inland and in fancy subsisting on the 1st January, 1926, under the transitory provisions of the Law of
Tail
Sub-s. (4) of s. 130 provides for the devolution of unbarred estate-tail according to the general law in force before 1926, and by sub-s. (6) an entailed interest shall only be capable of being created by a … of trustees and freeing the property from the provisions of the (English) S.L. Act, 1925. As to undivided shares see (English) L.P. (Amendment) Act, 1932. See PRO-TECTOR; RECOVERY, and SETTLED LAND.
Copyhold
is only due upon an actual admittance. Tenants in common pay this fine apportionably, each according to his share. Joint tenants and coparceners pay a single fine for all. The practice as to the payment of the … absolutely necessary that the lands should continue parcel of the manor. And because this tenure derives its whole force from custom, the lands must have been demisable by copy of court roll from time immemorial, for the
Equitable estates and interests
the obligations and incidents attaching to the property, the beneficial owner merely having a personal right inequity to force the legal owner to carry out his obligation or trust, but the rights and obligations of beneficial ownership … any person who has become entitled to require that estate to be vested in him, and see UNDIVIDED SHARES. See MORTGAGE. Means a mere equity, which is a procedural right ancillary to some right of property, for
legitime
civil law of Louisiana : the portion (as one-fourth) of a testate succession that is reserved for a forced heir called also forced portion compare disposable portion, falcidian portion, marital portion NOTE: The fraction used to calculate
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