Realty - Law Dictionary Search Results
realty
Matched in: Term realty
Realty
Matched in: Term Realty
Realty
Matched in: Term Realty
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Quasi-realty
Matched in: Term Quasi-realty
Trust
appears in the conveyance, but as regards the creation of equitable interests corres-ponding to an estate-tail in either realty or per-sonalty (see s. 130 of that Act), s. 130 (2) assimilates informal limitations in tail in executory
Conversion, equitable
Conversion, equitable. It is an established principle that money directed to be employed in the purchase of realty, and realty directed to be sold and turned into money, are considered inequity as that species of property
Trust for sale
Trusts for sale of land were commonly crated in settlements and well-drawn wills. The effect was to convert realty into personalty so that the proceeds devolved upon the beneficiaries as personalty unless they elected to take the
Tail
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 after 1925) will devolve
Uses
the Civil Law, which, by a nice adaptation, evaded, without overturning, the Common Law. Two methods of transferring realty began to co-exist in this country-the ancient Common Law system, and the later invention, which is denominated USES.
Personal property
by way of equitable interest (see TAIL). Before the (English) Land Transfer Act, 1897, a notable distinction between realty and personalty was that realty devolved directly on the heir or devisee upon the death of a person
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