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exemptions, exempt property

exemptions, exempt property Certain property owned by an individual debtor that the Bankruptcy Code or applicable state law permits the debtor to keep from unsecured creditors. For example, in some states the debtor may be able...

Privilegium, property propter

Privilegium, property propter, a qualified property in animals fer' natur', i.e., a privilege of hunting, taking, and killing them, in exclusion of others, 2 Bl. Com. 394; 2 Steph. Com.

Absolute property

Absolute property, means the property that one has full and complete title to and control over, Black Law Dictionary, 7th Edn., p. 1233.

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Corporation Property Duty

Corporation Property Duty. A 5 per cent. duty on income in lieu of death duties is imposed on cor-porations and bodies not incorporated, including fellowships, trustees etc., by the (English) Customs and Inland Revenue Act, 1885...

Dangerous property

Dangerous property is held at the owner's peril, see Rylands v. Fletcher, (1866) LR 1 Ex 265, and (1868), LR 3 HL 330, even though the owner may not know that the nature of the property...

Illegally acquired properties

Illegally acquired properties, it means and includes 'any property acquired by such person, whether before or after the commencement of this

Insurable property

Insurable property, 'insurable property' means any ship, goods or other movables which are exposed to maritime perils. [Marine Insurance Act, 1963 (11 of 1963), s. 2(c)]

Law of Property Act, 1922

Law of Property Act, 1922 (English) (12 & 13 Geo. 5, c. 16). This statute came into operation on 1st January,1926. With the Amending Acts of 1924 and 1926 (15 Geo. 5, c. 5), it provides...

Railway property

Railway property, includes any goods, money or valuable security or animal, belonging to, or in the charge or possession of, a railway administration. [Railway Property (Unlawful Possession) Act, 1966 (29 of 1966), s. 2(d)]

Property-tax

Property-tax, an annual tax, called also 'Income Tax,' on the income of every person, except where below a certain figure. See INCOME TAX and Chit. Stat., tit. 'Property Tax'; and consult the works of Dowell, or...

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