Future Interest - Law Dictionary Search Results
future interest
Matched in: Term future interest
interest
Matched in: Term interest
Executory devise
man's last will and testament, where otherwise the words of the will would be void; for wherever a future interest is so limited by devise as to operate as a contingent remainder, such an interest is not an
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Remainder
and the conditional limitations, are separate and distinct estate. See CONTINGENT REMAINDERS; CROSS-REMAIN-DERS; VESTED REMAINDER; EXECUTORY DEVISE. A future interest arising in third person that is, some one other than creator of estate or creator's heirs - who
Vested in interest
Matched in: Term Vested in interest
Perpetuity
property, Ram Baran 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 … not necessarily vest within the period fixed and prescribed by law for the creation of future estates and interests, Walsh v. Secretary of State for India, (1863) 10 HLC 367. Perpetuity, unlimited duration; exemption from intermission or
Quia timet
of 'quia timet' permits equitable relief based on a concern over future probable injury to certain rights or interest, where anticipated future injury cannot be prevented by a present action at law, such as where there is … Quia timet, is the right to be protected against anticipated future injury that cannot be prevented by the present action. The doctrine of 'quia timet' permits equitable relief based
Springing use
a form of use in the nature of an executory interest directing property inland to vest at a future period which does not coincide with the termination of a legal estate at common law, for instance. In
Interest
Matched in: Term Interest
Power
s. 3. (1) Collateral, which are given to strangers, i.e., to persons who have neither a present nor future estate or interest in the land. These are also called simply collateral, or powers not coupled with on
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