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Trusts Act - Law Dictionary Search Results

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Simple trust

Simple trust: where property is vested in one person upon trust for another, and the nature of the trust, not … of law. In this case the cestui que trust has jushabendi, or the right to be put into actual possession of the property, Jusdisponendi, or the right to call upon the trustee to execute conveyances of the

Trust Funds

securities specified in the Trustee Act, 1925, unless expressly forbidden by the trust deed. The effect of the Trusts (Scotland) Act, 1921, on Scots trusts should be noted. With regard to funds in Court, see R.S.C., Ord.

Personal property

proper and usual mode of creating limited interests in personal property is by means of the doctrine of trusts, i.e., by vesting the property absolutely in trustees and declaring that they shall hold it upon trust for … securities, debts, etc., and also leases for years, however long. Personal property is either in possession, or in action, where a man has not the actual occupation of the thing, but only a right to it arising

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Owner consignee

of Trustees of the Port of Bombay, AIR 1998 SC 92 (96): (1988) 1 SCC 142. [Major Port Trusts Act, 1963, s. 2(o); Bombay Port Trust Act, 1879, s. 3(5)]

Husband and wife

the Statute of Uses, by granting an estate to another person for her use; (2) by creating a trust in her favour; (3) by the custom of particular places; (4) by surrendering copyholds to her use; and … the wife; and the statute law has, by s. 1 of the Law Reform (Married Women and Tortfeasors Act), 1935 (25 & 26 Geo. 5, c. 30), almost completely abolished the property distinction between an unmarried and

Power

they leave the act to be done at the Will or the party to whom they are given. Trusts are always imperative and are obligatory upon the conscience of the party entrusted. The test is whether what

Registration of title of land

leasehold estate. A purchaser for value of registered land with any title but possessory is not affected by trusts, express, implied, or constructive (s. 74). A possessory title is affected by trusts arising prior to the first … Registration of title of land. The (English) Land Registration Act, 1925 (15 Geo. 5, c. 21), repeals and re-enacts the (English) Land Transfer Acts, 1875 (38 & 39

Approved securities

under clause (a), clause (b), clause (bb), clause (c) or clause (d) of s. 20 of the Indian Trusts Act, 1882; (ii) such of the securities authorised by the Central Government under clause (f) of s. 20 of … such of the securities authorised by the Central Government under clause (f) of s. 20 of the Indian Trusts Act, 1882, as may be prescribed. [Banking Regulation Act, 1949 (10 of 1949), s. 5 (a)]

Mortmain

1891 (54 & 55 Vict. c. 73), in the manner pointed out under the title CHARITABLE USES AND TRUSTS. in regard to assurances of land or personalty or enactments declaring a charitable use executed after 1925, alterations … 7 & 8 Wm. 3, c. 37, repealed and reenacted by the consolidating mortmain and (English) Charitable Uses Act, 1888 (51 & 52 Vict. c. 42), which provides that 'land''which term, by s. 10, includes tenements and

Title

made with the concurrence of an equitable beneficiary if title can be made free from equities under a trust for sale or under the Law of Property Act, 1925, or any other statute is void (L.P. Act,

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