A Practical Treatise on the New Statutes Relating to Property

A Practical Treatise on the New Statutes Relating to Property

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1862 edition. Excerpt: ...of the purchase money, was paid into Court, and invested in consols. By a deed in 1851, A., the tenant for life, and B., the legatee, and her husband, and the other parties interested, assigned the stock to trustees freed from the direction to lay it out in land upon certain trusts, and B. and her husband executed and acknowledged the deed according to the act. Vice-Chancellor Knight Bruce, upon an application by all parties to have the money paid out of court, observed, that the object of the petition was the reversionary interest of a married woman in a sum of money charged on land. He thought that the married woman could do no act to affect such an interest during the life of the tenant for life. This did not come new upon him: it was a. point upon which his mind had long been made up (II). (I) The dates of the sale and-of the order are not stated, nor are the terms of the order stated. (II) The case is now shortly reported in 4 De Gex 8: Sma. 289, nom. Hobby v. Collins. 9. This construction of the act seems open to much doubt. As the legacy was not raisable as against the other persons interested in the estate until the death of the tenant for life, the 500 Z. still remained part of the trust fund liable under the trusts of the settlement to be invested in lands; and in that view, B. and her husband had, it should seem, full power under the acts (0) to dispose of her reversionary interest in the legacy payable out of the real estate. For the lst section of the act, which we are considering, gives to the word lands a general meaning, and. to the word estate a meaning which extends to an estate in equity as well as at law, and also to any interest, charge, lien, or incumbrance in, upon, or aifecting lands, either at law or in equity, ..show more

Product details

  • Paperback | 196 pages
  • 189 x 246 x 11mm | 358g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236884701
  • 9781236884701