Trust Act - Law Dictionary Search Results
Appointment of new trustees
Appointment of new trustees, See TRUSTEES. It was formerly necessary to inset a full power in instruments creating a trust providing a … made to the Court of Chancery. Latterly, however, a power for this purpose has been supplied by various Acts of Parliament, the statute at present in force being the (English) Trustee Act, 1925, ss. 36 and 37
Joint-tenancy
title to the whole estate without the concurrence of other parties. that legal estate has been vested in trustees for sale as joint-tenants in the following cases, in joint-tenancy, estates in common or undivided shares, and coparceners; … Joint-tenancy. This tenancy is created where the same interest in real or personal property is, by the act of the party, passed by the same matter of conveyance or claim in solido, and not as merchan-dise,
Vesting instrument
This evidence is essential for the settlement of a legal 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
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Bribe
Bribe, a fit to any person in office or holding a position of trust, with the object of inducing him to disregard his official duty or betray his trust for the benefit … to or acceptance by any agent of any gift or consideration for doing or fore-bearing to do any act in relation to his principal's affairs or business is a misdemeanour punishable by fine or imprisonment or both
Tail
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 inequity on the person … taken realty as heir of the body or as tenant by the curtesy if the Law of Property Act, 1925, had not been passed [s. 130 (4) (ibid.)] The limitation of an estate so that it can
Simple trust
Matched in: Term Simple trust
Trust Funds
Matched in: Term Trust Funds
Charities, or Public Trusts
Charities, or Public Trusts. One of the earliest fruits of the Emperor Constantine's zeal, or pretended zeal, for Christianity, was a permission … was soon abused to so great a degree as to induce the Emperor Valentinian to enact to Mortmain Act by which it was restrained. But this restraint was gradually relaxed; and in the time of Justinian it
Personal property
proper and usual mode of creating limited interests in personal property is by means of the doctrine of trusts, i.e., by vesting the property absolutely in trustees and declaring that they shall hold it upon trust for … securities, debts, etc., and also leases for years, however long. Personal property is either in possession, or in action, where a man has not the actual occupation of the thing, but only a right to it arising
Demurrage
Madras v. Aminchand Pyarelal, (1976) 3 SCC 167: AIR 1975 SC 1935: (1976) 1 SCR 721. [Madras Port Trust Act, (2 of 1905), ss. 42, 43, 43A] It means the charge levied for the detention of any rolling … of Trustees of the Port of Bombay, AIR 1998 SC 92 (97): (1998) 1 SCC 142. [Major Port Trust Act, (38 of 1963)]
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