Trusts Act - Law Dictionary Search Results

Trust

or declared and accepted by him, for the benefit of another, or of another and the owner. [Indian Trusts Act, 1882 (2 of 1882), s. 3]

is not restricted to that meaning. It has the same meaning as in s. 3 of the Indian Trusts act, 1882, and includes an obligation in the nature of a trust within the meaning of Chapter IX of

Charitable uses and trusts

Matched in: Term Charitable uses and trusts

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Settled land

either of these if settled entirely to a purchaser for value without being affected by the limitations and trusts of the settlement. To effect this, the entire legal estate comprised in the settlement is now vested in … Settled land. For the purposes of the (English) Settled Land Acts, 1882-1890, 'settled land' meant land, and any estate and interest therein, which was the subject of a settlement;

trust

such a relationship see also beneficiary, cestui que trust, corpus declaration of trust at declaration, principal, settlor NOTE: Trusts developed out of the old English use. The traditional requirements of a trust are a named beneficiary and … to accumulate rather than being paid out NOTE: Accumulation trusts are disfavored and often restricted in the law. active trust : a trust in which legal title remains in the trustee who has a duty to act

Uses

Resulting; (2) Implied. II. Future or executory, distributable into: (a) Shifting or secondary; (b) Springing; (c) Contingent. See TRUSTS. Objections to uses before the Statute:- 'Though these uses' (see Gilbert, Uses, c. 1, s. 8) 'had a … intention or purpose, express or implied, upon which property is to be held. The Common Law treated the actual possessor for all purposes as the owner of the property. It was not difficult to find him out,

Charity Commissioners

the judgment of Davey, L.J., in Re Clergy Orphan Corporation, 1894 (3) Ch 145. By the (English) Charitable Trusts Act, 1914 (4 & 5 Geo., c 56), power is given to the Commissioners and also to the High

Consideration

2 Co Rep 56b and 58b] in favour of the grantor, see also Norton on Deeds, ch. Resulting Trusts. This implication has been removed, in regard to deeds executed after 1925 by the Law of Property Act,

Marriage settlement

generally conveyed (see TRUST FOR SALE) to trustees upon trust to sell and hold the proceeds upon the trusts declared by a deed of even date, which declares the trusts of the proceeds in practically the same … There is an express saving for such a settlement in s. 19 of the (English) Married Women's Property Act, 1882, and see the (English) Married Women's Property Act, 1907 (7 Edw. 7, c. 1), invalidating a settlement

Breach of trust

of the Court before whom the proceedings have been or are pending. Consult Lewin, Godefroi, or Underhill on Trusts. Means a breach by a trustee of the terms of a trust (as by stealing from or carelessly … breach of trust as formerly; see Speight v. Gaunt, (1883) 9 App Cas 1. More recently, the Trustee Acts have relaxed the stringent rules of Equity in regard to trustees; their authority has been extended, their discretion

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