Perpetuity - Law Dictionary Search Results
Fraudulent conveyances, Statutes against
to any person without notice of fradulent intent. This enactment replaces 13 Eliz. c. 5 (A.D. 1570), made perpetual by 29 Eliz. c. 5. See Twyne's case, (1602) 3 Rep 80; 1 Smith's L.C. 1; Halifax Bank
Trust
it is in contravention of the public policy of the law, as, for instance, seeking to create a perpetuity, or accumulating annual income be-yond the statutory limits. By the (English) Trustee Act, 1888 (51 & 52 Vict.
Covenant
For covenants implied as between lessor and lessee, see Woodfall's Landlord and Tenant, and for covenats implied in perpetuity leases converted into long terms of 2,000 years by the (English) Law of Property Act, 1922, s. 145,
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Sole, Corporation
who are incorporated by law, in order to give them some legal capacities and advantages, particularly that of perpetuity, which in their natural persons they could not have had; as the sovereign, a bishop, parson, etc., Steph.
mortmain
dead, from Latin mortuus) + main hand, from Latin manus] 1 : the possession of real property in perpetuity by a corporate body (as a church) ;also : the condition of property in such possession 2 :
mortmain statute
mortmain statute : a statute that prohibits corporate bodies (as charities) from holding real property in perpetuity or that otherwise limits or regulates testamentary dispositions to usually charitable corporations called also statute of mortmain
rent
one party conveys to another to hold as owner a tract of land or other immovable property in perpetuity in exchange for payment of an annual sum or quantity of fruits c : the amount paid by
trust
social benefits NOTE: Unlike most trusts, a charitable trust does not require definite beneficiaries and may exist in perpetuity. Clif·ford trust [kli-fərd-] : a grantor trust lasting at least ten years with income payable to a beneficiary
Endlessness
The quality of being endless perpetuity
Annuity
SC 915. [Wealth Tax Act, 1957, s. 2(e)(iv)] An annuity is a fixed sum payable annually either in perpetuity or for any less period. When charged upon land either freehold or leasehold both, exclusively of purely personal
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