Trustee - Law Dictionary Search Results
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 minority, or at any other time when there is
Power
a trust, will survive to the other or others after the death of one of the donees [(English) Trustee Act, 1925, s. 18], but a bare power to two or more by name will not survive (Sugden
Special trust
the machinery of a trust is introduced for the execution of some purpose particularly pointed out, and the trustee is not a mere passive depositary of the estate, but is called upon to exert himself actively in
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Separation
is void, a opposed to the policy of marriage, and the well-being of the community. The concurrence of trustees is not essential, and a deed of separation will be binding on the wife as well as the
Revocation of agency
party is placed under guardianship. (2) Bankruptcy, excepting as to such rights as do not pass to the trustee under the adjudication. (3) Death, unless the authority is coupled with an interest in the thing vested in
Restraint on alienation
is a gift over and the gift is properly expressed [see Re Mabbett, (1891) 1 Ch 707, and Trustee Act, 1925, s. 33]. A settlement upon himself by a settlor determining his estate upon bankruptcy is void.
Residue
in the will that the executor was intended to have the residue, he will be deemed to be trustee for the next of kin [Executors Act, 1830 (11 Geo. 4 & 1 Wm. 4, c. 40)]; repealed
Reputed owner
and permission of the true owner, under such circumstances that he is reputed owner thereof, pass to his trustee. As to the conduct of the owner, see Simeons v. Durand, (1928) 2 KB 66, and see Law
Release
or of some claim or demand upon another person--most commonly, perhaps, the formal discharge given by beneficiaries to trustees on the winding-up of a trust. A trustee cannot ordinarily insist on a release under seal; he is
Registration of title of land
of lien by deposit of certificate (s. 66). (xii) Priority notices (s. 88). (xiii) Notices to a sole trustee of registered land (s. 99). The priority of these incumbrances is regulated by the date of entry on
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