Trust Act - Law Dictionary Search Results
Charitable uses and trusts
Charitable uses and trusts. 9 Geo. 2, c. 26, commonly called 'The Mortmain Act,' 1735, after reciting that ifts or alienations of
Equitable estates and interests
transfer or vest the legal estate or ownership in the transferee, by mortgage or charge, and whenever a trust arises, either express, constructive, implied or by operation of law. In theory the legal owner alone was entitled, … did not apply to trusts arising by construction, implication, or operation by law, and see now (English) L.P. Act, ss. 52 to 55. Among other statutes which assimilated some, if not all, the incidents of beneficial ownership
Widow
(real and personal) estate of an intestate shall be distributed in the manner or be held on the trusts mentioned in this s., namely:- (i) If the intestate leaves a husband or wife (with or without issue) … of Paine, A.J., (1916) 115 LT 935] In regard to deaths after 1925, by the Administration of Estates Act, 1925, s. 46:- (1) The residuary (real and personal) estate of an intestate shall be distributed in the
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Notice
Property Act, 1925, sub tit. CONSTRUCTIVE NOTICE, and see LAW OF PROPERTY ACT; (Curtain). The doctrine of constructive trusts has also been narrowed down by the (English) Conveyancing Act, 1911, s.13, reproduced by the (English) Law of
Undivided shares in land
by the same s. 1 (3) and ss. 34 (4), 205, and 1st Sch., Part IV., and cf. TRUST FOR SALE, such shares are to take effect as equitable interests only in the net proceeds of sale … by husband and wife as tenants by entireties (see those titles), but now by the Law of Property Act, 1925, s. 1 (6), a legal estate is not capable of subsisting or of being created in an
Limitation of actions and prosecutions
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,
Trustee
Trustee, is the legal owner of the property the actual owner thereof having lost title thereto by the creation of a trust. The equitable ownership in the trust … Trustee, is the legal owner of the property the actual owner thereof having lost title thereto by the creation
Trust corporation
Matched in: Term Trust corporation
Constructive trust
Matched in: Term Constructive trust
Advancement
Advancement, promotion; additional price. An advancement clause in a settlement or will is a provision authorizing the trustees, with the consent of the tenant for life, to pay by anticipation a limited portion of the share … be considered (Re Whitehouse, 37 C. D. 683). See Lewin on Trusts. By the A. of (English) E. Act, 1925, s. 47 (1) (iii.) (replacing s. 3 of the Statute of Distribution), any money or property which
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