Persons Interested - Law Dictionary Search Results
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
the order of administration and rights of property and action relating to real estate in favour of the persons entitled.' Real estate over which a person exercises a general power of appointment by his will and an … 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
Personal property
at law.Any person may assign personal property, including chattels real, directly to himself and another person or other persons or corporation, by the like means as he might assign the same to another, Law of Property Amendment … Court of Chancery, to carry out the obvious intention, would hold that A. was entitled to a life interest merely, and that B. had during the life of A. a vested interest in remainder of which he
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power
I of the U.S. Constitution police power : the power of a government to exercise reasonable control over persons and property within its jurisdiction in the interest of the general security, health, safety, morals, and welfare except … the power of a government to exercise reasonable control over persons and property within its jurisdiction in the interest of the general security, health, safety, morals, and welfare except where legally prohibited (as by constitutional provision) reserved
Uses
make an appeal to the conscience of the apparent or legal owner, backed by its irresistible sanctions. The person enjoying the beneficial right was called the cestui que use, or he to whose use the land was … this statute was the total destruction of the use, by effecting an amalgamation of the legal and equitable interests; but this object, if it existed, has failed owing to the equitable jurisdiction of the Courts of Chancery
Intoxicating liquor
their value as unlicensed, together with any depreciation in trade fixtures. It is to be paid to 'the persons interested,' and in default of agreement between them and quarter sessions the amount of it is to be determined
Insurance
companies or societies, and sometimes by individuals, the risk being in either case diffused amongst a number of persons. Companies formed for carrying on this business have generally a large subscribed but uncalled capital, so as to … cut out of a diary, etc., see General Accident, etc., Assce. Corpn. v. Robertson, 1909 AC 404. Insurable Interest must be possessed by the person taking out a policy; he must be so circumstanced as to have
Parties
Naidu Charities, AIR 1990 SC 444 (447): 1989 Supp (2) SCC 356. (Code of Civil Procedure, s. 92) Persons jointly concerned in any deed or act; litigants. The Rules of the Supreme Court, 1883, Ord. XVI., make … suit and as such binds not only the parties named in the suit-title but all those who are interested in the trust, R. Venugopala Naidu v. Venkatarayulu Naidu Charities, AIR 1990 SC 444 (447): 1989 Supp (2)
Priority
assignments of equitable choses in action are determined accord-ing to the date of receipt of notice by the persons who are for the time being owners of the legal interest in the property assigned. Before 1926 the … date of receipt of notice by the persons who are for the time being owners of the legal interest in the property assigned. Before 1926 the notice might be verbal; after 1926 it must, for the purposes
Perpetuity
property cannot be postponed, or the alienation of it restricted, beyond any number of lives in being [whether interested or not is quite immaterial [Duke of Norfolk's Case, 3 Cha Ca 1; 33 Car. 2, called 'the … SCR 293. Is a future limitation, whether executory or by way of remainders, and of either real or personal property which is not to vest until after the expiration of, or will not necessarily vest within the
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