Suspension of the Power of Alienation, and Postponement of Vesting, Under the Laws of New York: With an Appendix Containing References to the Statutes and Decisions in the States of Michigan, Minnesota and Wisconsin |
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Suspension of the Power of Alienation, and Postponement of Vesting, Under ... Stewart Chaplin No preview available - 2016 |
Suspension of the Power of Alienation, and Postponement of Vesting, Under ... Stewart Chaplin No preview available - 2016 |
Common terms and phrases
16 Wend absolute fee absolute ownership absolute power accumulation aff'd Barb beneficiary Brearley School Chapter cited Cochrane common law contingent remainder court created creation death devise disposition erty Estate Law event Everitt executory existence express trusts fact fee in possession future estates gift grant Hawley heirs Henderson instrument invalid limited Littel lives mainder Manice Matter of Wilcox McGillis minority Misc Moore N. Y. Supp occasion suspension personal property postponement of vesting power of alienation precedent estate principles proposition question Real Prop Real Property Law referred relating remainderman rents and profits Revisers Rule against Perpetuities Sandf Schell scheme Schlereth share sion Smith statute statutory period statutory provision Steinway subdivision supra suspension of absolute suspension of alienability take effect tenant term of suspension termination testator's tion trust to receive U. S. Trust valid vest in interest vested remainder void Wend
Popular passages
Page 321 - Future estates are either vested or contingent. They are vested when there is a person in being who would have an immediate right to the possession of the lands upon the ceasing of the intermediate or precedent estate. They are contingent while the person to whom, or the event upon which, they are limited to take effect, remains uncertain.
Page 150 - Every future estate shall be void in its creation, which shall suspend the absolute power of alienation for a longer period than is prescribed in this Article. Such power of alienation is suspended, when there are no persons in being, by whom an absolute fee in possession can be conveyed.
Page 216 - ... a contingent remainder in fee may be created on a prior remainder in fee, to take effect in the event that the persons to whom the first remainder is limited, die under the age of twenty-one years, or on any other contingency by which the estate of such persons may be determined before they attain full age.
Page 114 - No person beneficially interested in a trust for the receipt of the rents and profits of lands, can assign or in any manner dispose of such interest...
Page 250 - RS 773) relative to expectant estates in such property, it is provided that "the absolute ownership of personal property shall not be suspended by any limitation or condition whatever, for a longer period than during the continuance and until the termination of not more than two lives in being...
Page 121 - The right of a beneficiary of an express trust to receive rents and profits of real property, and apply them to the use of any person...
Page 170 - The absolute power of alienation shall not be suspended by any limitation or condition whatever, for a longer period than during the continuance of not more than two lives in being at the creation of the estate, except in the single case mentioned in the next section.
Page 316 - The present capacity of taking effect in possession, if the possession were to become vacant, and not the certainty that the possession will become vacant before the estate limited in remainder determines, universally distinguishes a vested remainder from one that is contingent.
Page 255 - The absolute ownership of personal property shall not be suspended by any limitation or condition, for a longer period than during the continuance and until the termination of not more than two lives in being at the date of the instrument containing such limitation or condition; or, if such instrument be a will, for not more than two lives in being at the death of the testator...
Page 100 - Express trusts may be created for any of the following purposes: 1. To sell real property, and apply or dispose of the proceeds in accordance with the instrument creating the trust. 2. To mortgage or lease real property for the benefit of annuitants or other legatees, or for the purpose of satisfying any charge thereon.