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Perpetuity

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 to

Company

the registrar shall certify under his hand that the company is incorporated and, in the case of a limited company, that the company is limited. (2) From the date of incorporation mentioned in the certificate of incorporation,

Executory devise

Executory devise. Mr. Fearne (Cont. Rem. 386) defines an executory devise to be, strictly, such a limitation of a future estate or interest in lands or chattels (though, in the case of chattels personal, it

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Uses

not operate to vest the legal estate in the cestui que use in the following cases:- (1) Uses limited of copyholds-sine no person can be introduced into the estate without the lord's consent; for if use were

Trust

give, having regard as a rule to 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

Tail

the curtesy if the Law of Property Act, 1925, had not been passed [s. 130 (4) (ibid.)] The limitation of an estate so that it can be inherited only by the fee owner's issue or class of

Settled land

of instruments, under which any land, or any estate or interest in land, 'stands for the time being limited to or in trust for any persons by way of succession' (Settled Land Act, 1882, s. 2) (see

Shelley's case, Rule in

thus: Where a life free-hold, either legal or equitable in realty (whether of freehold or copyhold tenure), is limited by any assurance to a person, and by the same assurance the inheritance of the same quality, i.e.,

partnership

all partnership debts and obligations in full regardless of the amount of the individual partner's capital contribution compare limited partnership in this entry limited liability partnership : a partnership formed under applicable state statute in which the

Power

cannot give jurisdiction, K.E. v. Vithu, (1899) 1 Bom LR 157. Power, is an authority reserved by, or limited to, a person to dispone, either wholly or partially, of movable or immovable property, either for his own

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