Trusts Act - Law Dictionary Search Results
Appointment in exercise of a Power
case of freeholds an instrument which alters, abridges, or suspends a use limited by a prior assurance or trust creating the power which sanctions such appointment. In the case of appointments of uses of freeholds effected under … the 31st December, 1925, a power of appointment of land can only operate inequity, (English) Law of Property Act, 1925, s. 1(7). Powers may also be reserved over personal estate, and in that case also only the
Money land
to the same persons successively in the same manner and for and on the same estates, interests and trusts as the land wherefrom the money arises would, if not disposed of, have been held and have gone … regards substance and not form, and will further the intention of parties. By s. 75(5), (English) Settled Land Act, 1925, replacing Settled Land Act, 1882, s. 26 (5), capital money arising under that Act while remaining uninvested
Executed trust
meaning to the words declaratory of the trust which they do not legally import, 1 Sand. Uses and Trusts, 335 and see EQUITABLE ESTATE. As all trusts are executory in this sense, that the trustee is bound … heirs of his body, the trust is perfect; and it is said to be executed, because no further act is necessary to be done by the trustee to raise and give effect to it; because there is
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Official trustee of charity lands
who is constituted a corporation sole by that name for taking and holding charity lands: see (English) Charitable Trusts Act, 1853, s. 49; Charitable Trusts Amendment Act, 1855, s. 15.
Bona vacantia
(see those titles), which belong to the Crown by virtue of its prerogative. So personal property held on trusts which have failed, or held in trust for a corporation which has been dissolved, belongs to the Crown … as bona vacantia; see Re Higginson, (1898) 1 QB 325, and cases there cited. By the (English) Companies Act, 1929, s. 296, the property of a dissolved company including property held on trust for it shall, subject
Resulting trust
Resulting trust, a trust created by operation of law. Resulting trusts are of two kinds: (1) Where an owner of property makes a disposition of the legal estate and … that he meant to deal with the equitable interest, but by s. 60 of the Law of Property Act, provides that in a voluntary conveyance executed after 1925, a resulting trust for the grantor will not be
Unit trust
Unit trust, means the Unit Trust of India established, under section 3 of the Unit Trust of India Act, 1963.
Audit
(10 Geo. 4, c. 56); and those of Savings Banks under s. 4, para 6, of the (English) Trustee Savings Banks Act, 1863, and s. 1 of the Savings Banks Act, 1904. By s. 13 of the
Trust-money
Trust-money, the subject matter of the trust is called 'trust property or' trust money'. [Trust Act, 1882 (2 of
fund
: an in-house trust fund established by a bank trust department to pool the assets of many small trusts for greater diversification in investing executor fund : a fund established in estate planning to provide for the … union through special assessments or from general funds and used to pay striking workers or for other strike-related activities Taft-Hart·ley fund [taft-hÄ rt-lē-] [after the Taft-Hartley Act of 1947, which established it] : joint welfare fund in
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