Trusts Act - Law Dictionary Search Results
Trustee
Religious Trusts, AIR 1959 SC 951: 1959 Supp (2) SCR 583. Under s. 2(18) of the Bombay Public Trusts Act, a trustee has been defined as meaning a person, in whom either alone or in association with other
Constructive trust
subject to the trust or equitable interest in the hands of such a purchaser. The doctrine of constructive trusts also arises upon the renewal of a lease by a trustee, or person having a limited interest, in … Constructive trust, a trust which the Court elicits by a construction put upon certain acts of parties. It arises upon a vendor's lien or charge upon land sold for unpaid purchase money, and
County Courts
all actions by creditors or legtees for administration of the estate of a deceased person,or for execution of trusts,or for redemption of a mortgage, or for specific performance of an agreement for sale or lease of property, … been established throughout England. They were first established in 1846 by 9 & 10 Vict. c. 95, 'the Act for the more easy recovery of Small Debts and Demands in England,' repealed and re-enacted with fourteen amending
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Advancement
advancement in life. In equity the presumption of advancement is an important exception to the doctrine of resulting trusts that a conveyance to a stranger without a consideration is merely a nominal one, and no intention on … be considered (Re Whitehouse, 37 C. D. 683). See Lewin on Trusts. By the A. of (English) E. Act, 1925, s. 47 (1) (iii.) (replacing s. 3 of the Statute of Distribution), any money or property which
Joint-tenancy
expressed or implied. The law itself now adopts it in cases of trustees for sale upon the statutory trusts for sale [see (English) L.P. Act, 1925, ss. 34 et seq.], assignees in bankruptcy, and others, though they
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
Chancery
of Chancery had exclusive statutory jurisdiction (except County Court appeals), of these, the jurisdiction under the (English) Charitable Trusts Acts, 1853-1869, is practically the only portion nw remaining, the other jurisdictions having become exercisable under subsequent legislation. … in 1875 transferred to (I.) The High Court of Justice, and (II.) The Court of Appeal [(English) Jud. Act, 1873, ss. 16-18]. (I) There is by the (English) Judicature Act, 1873, replaced by the English Judicature Act,
Vesting instrument
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 separate instrument called the Trust Instrument (see that title). Sec.
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
(including the will of a person dying after 1925), or by agreement for a settlement in which the trusts to affect the property are sufficiently declared. Subject to his powers and duties as tenant for life under … 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
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