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Surrender of copyholds

in him, and he had a right to retain the possession, subject to his accounting for the mesne profits should the surrenderee be afterwards admitted; and if the surrenderor died, the estate devolved upon his customary heir,

Sufferance, Tenancy at

to consider it so; but an adverse possession will take place on an entry and perception of the profits of the land by a person, without the reversioner's consent, after the death of a tenant at sufferance.

Statutory trusts

and to stand possessed of the net proceeds of sale after payment of costs and net rents and profits until sale subject to rates, taxes, and cost of insurance, repairs, and other outgoings, upon trust for the

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Societas leonina

Societas leonina, that kind of society or partnership by which the entire profits belong to some of the partners in exclusion of the rest. So called in allusion to the fable

Similarly apportioned

apportioned, the words 'similarly apportioned' which occur in the explanation mean apportioned 'with reference to the amounts of profits and gains attributable to the two parts of the company's business'. Thus, the explanation first refers to an

Shares in public undertakings

the holder could call for a specific part of the land itself or only a share of the profits. See now UNDIVIDED SHARES. Shares are limited in number, each share being indivisible and, in a company having

Share

association of the Company, I.T. Commissioner v. Standard Vacuum Oil Co. Ltd., AIR 1966 SC 1393 (1397). [Business Profits Act, 1947, Schedule II, R. 2(1)] Share, is not a sum of money, it represents an interest measured

Sequestro habendo

Sequestro habendo, a judicial writ for the discharging a sequestration of the profits of a church benefice, granted by the bishop at the sovereign's command, thereby to compel the parson to

Sequestrari facias de bonis ecclesiasticis, Writ of

parish church, and to take and sequester the same, and hold them until, of the rents, tithes, and profits thereof, and of the other ecclesiastical goods of the defendant, he has levied the plaintiffs' debt. The Rules

Offerings

Measure, 16 & 17 Geo. 5, No. 5), and 21. Voluntary Easter offerings received by an incumbent are profits accruing to him and are assessable for income tax, Cooper v. Blakiston, 1909 AC 104.

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