Vested Interest - Law Dictionary Search Results
Legacy
other age or certain determinate term, and the legatee die before that age, this is such an interest vested in the legatee immediately on the testator's death, that it goes to his executor or administrator, it being
Personal property
A. was entitled to a life interest merely, and that B. had during the life of A. a vested interest in remainder of which he could dispose at his pleasure; and if the property consisted of moveable goods,
Abstract of title
which they hold cannot be inspected: (English) Law of Properties Act, 1925, s. 14. If the property be vested in trustees, inquiries should be made of them as to any incumbrances, and they should have notice of … a mortgagee or purchaser of real property, summarising the history of a piece of land including all conveyances interests, lines & encumbrances that reflect title to property, Black's Law Dictionary, 7th Edn., an epitome of the evidence
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Widow
infants to use personal chattels. If the intestate leaves no issue surviving him or her and attaining a vested interest, then subject to the life interest of the surviving husband or wife the residuary estate is to be
Contingency with a double aspect
kind of executory interest which maybe termed an alternative interest. This is an 'interest that is only to vest in case the next preceding interest should never vest in any way, through the failure of the contingency
remainder
remainder that share goes to the other or others executory remainder : contingent remainder in this entry remainder vested subject to open : a vested remainder that is subject to diminution by the shares of other remaindermen … possessory estate (as a life estate) created at the same time and by the same instrument compare future interest at interest, reversion charitable remainder : a remainder in favor of a charity contingent remainder : a remainder
Limitation of actions and prosecutions
right to recover land etc., is limited to six years from the time when the estate shall have vested in possession or twelve yeas from the date when the right first accrued to the person whose interest
Infant
to him under s. 47 of the Administra-tion of Estates Act, 1925; infants who do not attain a vested interest, i.e., attain twenty-one years of age or marry, are excluded from the distribution of the residuary estate of
statutory rule against perpetuities
statutory rule against perpetuities :a statute setting forth the requirements for the vesting of a future interest in property and superseding the common-law rule against perpetuities ;esp : a uniform statute
Title
leasehold estate is made whenever it appears that the legal estate in the property contracted for will become vested in the purchaser free from any equity which would be capable of being over-reached by a disposition in … or any other statute is void (L.P. Act, 1925), s. 42, and see s. 43 as to registered interests; 3. That all the particular estates either were determined before 1926, or if no vesting deed, trust for
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