Settled Land - Law Dictionary Search Results
Strict settlement
trusts to correspond with the uses declared concerning the freeholds. Trustees were appointed for the purposes of the Settled Land acts, and provision was made for the application of rents during minorities by reference to the Conveyancing Act, … and provisions are inserted as the case might have required. For the modern method of strict settlement, see SETTLED LAND. Consult Key and Elphinstone or Prideaux Conveyancing Precedents.
Trust corporation
Trust corporation, is defined by the (English) Settled Land Act, 1925, s. 117 (1) (xxx.), to mean the Public Trustee or a corporation appointed by the Court … of which the Land Legislation Acts of 1925 require two trustees at least (see TRUST; TRUST FOR SALE; SETTLED LAND; ADMINISTRATOR). These corporations include any company incorporated by Special Act or Royal Charter or Companies under the Companies
Statutory owner
Statutory owner. Defined by the (English) Settled Land Act, 1925, s. 117 (1) (xxvi.), as the trustees of the settlement or other persons who, during the … by virtue of an order of the Court or otherwise, the trustees have the power to convey the settled land in the name of the tenant for life. Where land has been devised to an infant, the personal
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Statutory trusts
proceeds of sale is to be handed over to the settlement trustees as capital money under the (English) Settled Land Act, 1925 (s. 35 of the Law of Property Act, 1925). By s. 25, (English) L.P. Act, 1925,
Covenant
been validated whether made before or after the (English) L.P. Act, 1925, by s. 82, and see (English) Settled Land Act, 1925, s. 68, in regard to leases by a tenant for life as estate owner with himself
Limitation of actions and prosecutions
and 4thly, when the occupier has acknowledged the plaintiff's title. A person dispossessing persons entitled to possession of settled land did not before 1926 obtain a title free from the claims of remaindermen or the reversioner under the
Valuation
all kinds has to be made. Perhaps the most important and the most difficult valuation is that of land. This has almost invariably to be undertaken whenever land is compulsorily acquired. The difficulties that surround this question
Equitable estates and interests
certain persons to convey land free from equities in certain cases. See ESTATE OWNER, LEGAL ESTATE, PERSONAL REPRESENTATIVES, SETTLED LAND, TRUS-TEES FOR SALE, MORTGAGEE, SALE BY ORDER OF COURT, and subject to statutory modifications as to notice and
Uses
66 (confirmation of past transactions), and s. 4 (equivalence inequity of former legal estates). See LAW OF PROPERTY; SETTLED LAND and VOLUNTARY CONVEYANCE.
Recovery
by a fine (q.v.). A friend brought an action of recovery against the tenant-in-tail. The action was then settled upon the terms that the friend should have the lands in fee-simple and that the tenant-in-tail should be … or real recovery of anything, or the value thereof, by judgment; as if a man sue for any land or other thing movable or immovable, and gain a verdict or judgment. A feigned recovery. An abolished common
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