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Bare trustee

Bare trustee, A person holding property in trust for another without any beneficial interest in or duty in regard to

Involve

does not necessitate the bringing out of the profit motive of an activity expressly in the deed of trust, Sole Trustee Loka Sikshana Trust v. Commissioner of Income Tax, AIR 1976 SC 10 (24): (1976) 1 SCC

power

the offer power of mod·i·fi·ca·tion [mÄ -də-fə-kā-shən] : a power reserved in an instrument (as one creating a trust) to make changes by a specified method power of revocation : a power usually reserved by a person

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REMIC

REMIC [real estate mortgage investment conduit] : an entity (as a corporation, partnership, or trust) that functions as a vehicle for investment in mortgage obligations and esp. collateralized mortgage obligations and receives favorable

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

Appointment in exercise of a Power

case of freeholds an instrument which alters, abridges, or suspends a use limited by a prior assurance or trust creating the power which sanctions such appointment. In the case of appointments of uses of freeholds effected under

Beneficiary

is in possession of a benefice; also the person having the beneficial enjoyment of property of which a trustee, executor, etc., has the legal possession, in which sense it is gradually superseding the old term cestui que

Dearle v. Hall

assignments of debts and other choses in action was determined by priority in date of notice to the trustees or other owners of the legal interest in the property assigned, see Ward v. Duncombe, 1893 AC 369.

Has been previously issued

previously made' do not merely connote the issuing of a notification before the Bihar Town Planning & Improvement Trust Act, 1951 was passed but include all notifications made prior or anterior to the first publication of a

Conversion, equitable

D 656]. Thus, when a person entitled to the fee simple of an estate to be purchased with trust money causes some of the securities for the money to be changed and held in trust for himself,

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