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Lancaster

of assize within the county, and all processes and indictments to be in his name. It is later vested in the Crown. It has a separate Chancery Court, the procedure of which is regulated by Acts of

Contingent remainder

be conveyed to trustees; and that, when it is conveyed to them, it vests in them as a vested remainder for the life of A. On this ground, the limitation (usual in old settlements) to trustees 'for

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

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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

Shebaitship

Shebaitship, property dedicated to an idol vests in it in an ideal sense only; ex necessitas, the possession and management has to be entrusted to

perpetuity

] 2 a : the condition of a future estate limited in such a way as not to vest within the period fixed by law for the vesting of an estate ;also : a limitation that gives

Appointment of new trustees

the (English) Act of 1925 also provides for the appointment of additional trustees. S. 40 provides for the vesting of the trust property in the new trustees by a declaration in the deed of appointment or, deeds

Monarchy

Monarchy [fr., Gk.], a government in which the supreme power is vested in a single person. where a monarch is invested with absolute power, the monarchy is termed despotic; where

Vesting instrument

principal vesting deed must state: (a) a description of the settled land; (b) that the settled land is vested in the person or persons to or in whom it is conveyed or declared to be vested upon

interest

: a future interest whose vesting is dependent upon the occurrence or nonoccurrence of a future event compare vested interest in this entry controlling interest : sufficient stock ownership in a corporation to exert control over policy

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