Trustee - Law Dictionary Search Results

British museum

of Sir Hans Sloane and 25 Geo. 2, c. 22. The museum is governed by a body of trustees' of whom three, the Archbishop of Canterbury, the Lord Chancellor and the Speaker of the House of Commons,

Colonial Stock Acts (English)

Colonial Stock Acts (English). Colonial stocks were not authorised as trustee investments by the Trustee Act, 1893, but by the Colonial Stock Acts of 1877, 1892, 1900 and 1934.

own testator; for he thereby becomes his complete executor, and consequently the executor of the first testator. A trustee who has not accepted may disclaim, but a conveyance by him of the trust estate to a co-trustee

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Administrator

willing to apply (Probate Rules, 120). Where the estate is known or believed to be insolvent, the Public Trustee can obtain a grant subject to certain conditions (Public Trustee Act, 1906, s. 6 (1); see PUBLIC TRUSTEE).

Delegatus non potest delegare

v. Clarke, (1890) 25 QBD 391. It is a cardinal rule in the law of trusts that a trustee cannot delegate his office or discretions for the exercise of which he was appointed trustee as distinguished from

Settled land

the Settled Land Acts, 1882 to 1890, were to liberate tenants for life from the control of their trustees, and to enable them to improve settled land out of the proceeds of the sale of part of

Other

provide and pay for, The Durham City, 58 LT 46. Other, must mean 'some other person' than the trustee deceased or going abroad or retiring or refusing or becoming incapable to act and also other than a

Undivided shares in land

and profits of the entirety of the land until sale, while the legal estate must be held by trustees for sale of the entire undivided property. It should be noticed that shares only are affected by these

Wharf

especially along the shore for loading or unloading vessels, Ramanatha Aiyar's The Law Lexicon, 2nd Edn.; Board of Trustees of the Port of Bombay v. Sriyanesh Knitters, (1999) 7 SCC 359.Wharf, as being a broad plain place,

Contingent remainder

right is inherent in the grantor, from the nature of the estate itself, and may be conveyed to trustees; and that, when it is conveyed to them, it vests in them as a vested remainder for the

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