Person Interested - Law Dictionary Search Results
Joint-tenancy
Joint-tenancy. This tenancy is created where the same interest in real or personal property is, by the act of the party, passed by the same matter of conveyance or claim in … Joint-tenancy. This tenancy is created where the same interest in real or personal property is, by the act of the party, passed by the same matter of
Tail
freehold of inheritance and is now an equitable interest which may be created after 1925 in respect of personalty as well as realty by way of trust and which (if not barred or disposed of by will … [fr. tailler, Fr., to prune]. An estate-tail was formerly a freehold of inheritance and is now an equitable interest which may be created after 1925 in respect of personalty as well as realty by way of trust
Deed
s. 5], reproduced by the Law of Property Act, 1925, s. 56 (2), made between two or more persons in different interests, or a deed-poll (charta de una parte) made by a single person or by two … by the Law of Property Act, 1925, s. 56 (2), made between two or more persons in different interests, or a deed-poll (charta de una parte) made by a single person or by two or more persons
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Remainder
remainders can operate only as equitable interests, and in that manner they can be created in respect of personality as well as realty. The follow-ing explanation of legal remainders has been retained as relating to titles to … Remainder [fr. remanentia, Lat.], that expectant portion, remnant, or residue of interest which, on the creation of a particular estate, is at the same time limited over to another, who
Equitable estates and interests
Equitable estates and interests, Rights relating to property of which the legal ownership is vested in another person, or in the equitable owner himself in another capacity. The rights arise whenever a person obtains a title … Equitable estates and interests, Rights relating to property of which the legal ownership is vested in another person, or in the equitable
Chattels or catals
of tenant by statute staple, by statute merchant, by elegit, and such like, Co. Litt., 118 b. Chattels personal or in a more narrow and more modern sense, 'chattels' (cf. 'goods and chattels' in the writ of … and 'chattels real,' which concern the realty, such as terms of years of lands or tenements, wardships, the interest of tenant by statute staple, by statute merchant, by elegit, and such like, Co. Litt., 118 b. Chattels
Settled land
38 Vict. c. 33), gave large powers to the Court of Chancery, with the concurrence of the parties interested, to direct sales and leases of settled estates, and also enabled tenants for life, without application to any … 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 infra for the statutory definitions in the
party
party pl: parties 1 a : one (as a person, group, or entity) constituting alone or with others one of the sides of a proceeding, transaction, or agreement … value and given for the benefit of an accommodated party secured party : a party holding a security interest in another's property third party : a person other than the principals [insurance against injury to a third
trust
and names beneficiaries gen·er·a·tion-skip·ping trust : a trust in which the principal will eventually go to a skip person usually following payment of income for life to a non-skip person : a trust created by a generation-skipping … purpose of making profit and that is usually characterized by some kind of commercial activity, transferable certificates of interest, existence continuing after the death of beneficiaries, limited liability, legal title in the hands of trustees, and officers
Real representative
Real representative. The name formerly given to a personal representative on whom real estate devolved on the death of any person between the 31st December, 1897, and … A. E. act, 1925, provides:- '(1) Real estate (q.v.) to which a deceased person was entitled for an interest not ceasing on his death shall, on his death and notwithstanding any testamentary disposition thereof, devolve from time
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