Statutory Trusts - Law Dictionary Search Results
Statutory trusts
Matched in: Term Statutory trusts
Settled land
trust for any persons by way of succession' (Settled Land Act, 1882, s. 2) (see infra for the statutory definitions in the Settled Land Act, 1925, which has repealed the S.L. Acts, 1882-1890). Where the settlement consists … either of these if settled entirely to a purchaser for value without being affected by the limitations and trusts of the settlement. To effect this, the entire legal estate comprised in the settlement is now vested in
Widow
the surviving husband or wife during his or her life nd subject to such life interest, on the statutory trusts for the issue of the intestate; and as to the other half, on the statutory trusts for the … on the statutory trusts for the issue of the intestate; and as to the other half, on the statutory trusts for the issue of the intestate, but if those trusts fail or determine in the lifetime of a
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Trust
a trust cannot be engrafted upon a will unless by a testamentary or codicillary paper executed with the statutory formalities, but if a devise or bequest of the legal estate be accompanied with any mala fides in … the law, or the principles governing the rights of property: for qui h'ret in litera h'ret in cortice. Trusts may be classed thus:- (I.) Express, or defined by words; divided into- (a) Trusts executed, perfect, complete, or
Limitation of actions and prosecutions
Geo. 4, c. 14, s. 3). In regard to land, the right to it is destroyed after the statutory period and neither re-entry nor acknowledgment after the lapse of the statutory period will revive it. No verbal … the Act of 1874] As a rule a title by possession for the statutory period of land against trustees will be good against all persons claiming as cestui que trustent under their trust (see Williams v. Papworth,
Vesting instrument
the evidence under the (English) Settled Land Act, 1925, of the title of a tenant for life or statutory owner to the legal estate in settled property as estate owner thereof. This evidence is essential for the … estate in land otherwise than by way of trust for sale (Settled Land Act, 1925, s. 4). The trusts are (after 1925) to be declared by a separate instrument called the Trust Instrument (see that title). Sec.
Trust instrument
power (if any) to appoint new trustees; (d) set out any intended addition to or enlargement of the statutory powers; (e) bear the proper ad valorem stamp which may be payable by virtue of the vesting deed … 1925, s. 117 (1) (xxxi.) and s. 9, includes in relation to settled land, any instruments whereby the trusts of the settled land are declared other than a vesting instrument or vesting conveyance. By s. 4 (ibid.),
Abstract of title
wills and other documents, and stating the facts on which it depends: fc. 1 Pres. 42, 207. The statutory period is thirty years, Law of Property Act, 1925, s. 44, unless an earlier title may be required … the parcels, and that there are no exceptions therein. The words of the different limitations of uses and trusts, if material to the title, must be carefully checked, and the covenants, particularly in leases, must be looked
Undivided shares in land
or if there are more than four, the first four named in the conveyance joint tenants upon the statutory trusts (q.v.) A trust for sale does not arise in the case of joint tenants for life who are
Joint-tenancy
are expressed or implied. The law itself now adopts it in cases of trustees for sale upon the statutory trusts for sale [see (English) L.P. Act, 1925, ss. 34 et seq.], assignees in bankruptcy, and others, though they
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