Donative Trusts and Equity at Common LawThomas E. Simmons
: a business trust similar to a closed-end investment company except that it invests in real estate either as an owner having equity in the property or as a lender holding mortgages on the property — resulting trust : an implied trust based upon the presumed intentions of the parties as...
nouna trust created by a court (regardless of the intent of the parties) to benefit a party that has been wrongfully deprived of its rights Synonyms involuntary trust Related Words implied trust Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc. ...
A declaration of personal liability to the effect that someone is personally liable for losses and gains as if he or she were a trustee without necessarily requiring the defendant to hold specific property on trust for the plaintiff. WHEN WILL EQUITY INTERVENE AND IMPOSE A CONSTRUCTIVE TRUST? Con...
accounts for the administration of the property to the person or persons for whose benefit the trust has been created. The trust arose under the equity system when the excessive formalism of common law made the transfer of the right of property difficult. Subsequently, however, it extended to ...
Trusts are mainly regulated by the Trustee Law, Chapter 193, enacted in 1955 and based on the English 1925 Trustees Act. This is supplemented by the English Doctrine of Equity and English case law prior to 1960. In 1992, Cyprus enacted the International Trusts Law, 69(1) I 1992 and in ...
unlike the definition of “family chattels” in s 2, which uses the word “own”.3“Owner” is defined as “the person who, apart from this Act, is the beneficial owner of the property under any enactment or rule of common law or equity”. Under s 8(1)(a), the family home “w...
The Following limits for Medicaid eligibility for Medicaid for Florida as of 1/1/2024 have been adjusted again. There were changed in the income criteria, maximum amount of assets, and maximum equity in your homestead property. Florida Medicaid Income Limits as of 1/1/2024. ...
common law and equity, both with respect to trusts and generally, apply in the Cayman Islands subject to variation by local statute. The principal trusts legislation is the Trusts Act (as revised) of the Cayman Islands[1]. which is supported by a body of case law from the Cayman courts[...
to get NAV. Assets minus debt will equal equity, where the “net” in NAV means net of debt. The final step is to divide NAV into common shares to get NAV per share, which is an estimate of intrinsic value. In theory, the quoted share price should not stray too far from the NAV ...