Sentences with phrase «interest under the trust»

The most significant reform (made by s 1 of RSA 1987) was that rights of reverter under LSIA 1854 and the other statutes mentioned above, were abolished and substituted by a trust for sale in favour of the persons to whom the ownership of the land would previously have reverted (without any entitlement to occupy the land by reason of their interest under the trust for sale).

The husband is obliged to disclose the nature and extent of his interest under the trust.

STEP 2: Sammy Seller transfers title to the trustee (no violation of the clause) STEP 3: Sammy Seller quietly assigns his interest under the trust to you (similar to a transfer of stock in a corporation).

Not exact matches

Under Paul's leadership, The Northern Trust's economic website was ranked in the top ten «most interesting» by The Wall Street Journal.

Under Paul's leadership, The Northern Trust's economic website was ranked in the top ten «most interesting» by

If any Shares remain outstanding after the date of termination, the Trustee thereafter shall discontinue the registration of transfers of Shares, shall not make any distributions to Shareholders, and shall not give any further notices or perform any further acts under the Trust Agreement, except that the Trustee will continue to collect distributions pertaining to Trust assets and hold the same uninvested and without liability for interest, pay the Trust's expenses and sell Bitcoins as necessary to meet those expenses and will continue to deliver Trust assets, together with any distributions received with respect thereto and the net proceeds of the sale of any other property, in exchange for Shares surrendered to the Trustee (after deducting or upon payment of, in each case, the fee to the Trustee for the surrender of Shares, any expenses for the account of the Shareholders in accordance with the terms and conditions of the Trust Agreement, and any applicable taxes or other governmental charges).

As security for all obligations owed to the Trustee under the Trust Agreement, the Trustee is granted a continuing security interest in, and a lien on, the Trust's assets and all Trust distributions.

Under the Trust Agreement, Shareholders are limited to (1) participants in DTC such as banks, brokers, dealers and trust companies («DTC Participants»), (2) those who maintain, either directly or indirectly, a custodial relationship with a DTC Participant («Indirect Participants»), and (3) those banks, brokers, dealers, trust companies and others who hold interests in the Shares through DTC Participants or Indirect ParticipTrust Agreement, Shareholders are limited to (1) participants in DTC such as banks, brokers, dealers and trust companies («DTC Participants»), (2) those who maintain, either directly or indirectly, a custodial relationship with a DTC Participant («Indirect Participants»), and (3) those banks, brokers, dealers, trust companies and others who hold interests in the Shares through DTC Participants or Indirect Participtrust companies («DTC Participants»), (2) those who maintain, either directly or indirectly, a custodial relationship with a DTC Participant («Indirect Participants»), and (3) those banks, brokers, dealers, trust companies and others who hold interests in the Shares through DTC Participants or Indirect Participtrust companies and others who hold interests in the Shares through DTC Participants or Indirect Participants.

If it is ethically unacceptable to have the world controlled by transnational corporations alone, and if we can not trust global political authority to represent the interests of ordinary citizens, ethicists are under pressure to devise alternative images of a desirable future.

Now, what the paper completely fails to address is how that precondition, that essential public trust, could possibly survive a system under which the security services were empowered by law to routinely trawl through the private communications data of vast numbers of citizens suspected of no crime, simply in order, as Sir David Omand puts it, «to identify patterns of interest for further investigation».

Meanwhile, multiple $ billions flow into the MTA and the Transportation Trust Fund every year under «dedicated» taxes, but it all goes to interest on past debts, leaving anything that Cuomo doesn't cut a ribbon on to deteriorate.

We thought that last comment was particularly interesting, considering that on May 3rd, with BP trading over $ 50, our favorite TV personality explained that «BP's debt to capital is really incredible» and on May 10, he told viewers that he was purchasing shares of BP for his charitable trust at just under $ 50.

This can be useful if you are already interested in adding another trusted user, like a spouse or other family member, whose purchases with the card will earn points under the same terms as your own.

(e) This section is intended to confirm and clarify existing law that none of the provisions of this chapter, other than the provisions of subdivision (1) of Section 5 -19-1 and Section 5 -19-3, apply to any transaction that is not a consumer transaction, or, where provided in subsection (a) to any transaction involving an interest in real property, whether or not a consumer transaction, to any transaction of a trust institution described in subsection (a), or to any municipal pension system created under the laws of the State of Alabama described in subsection (a).

NIFTY Financial Services — Total Return Index (TRI) has a portfolio of companies under financial services which includes banks, non-banking financial companies (NBFC), housing finance, microfinance, stockbroking & allied services, wealth management, asset reconstruction companies, rating agencies, asset management companies, depositories, pension companies, insurance companies, real estate investment trust (REITs), stock / commodities exchange and other market intermediaries, payment intermediaries, statutory corporations, companies and other bodies in which the government has financial or authoritative interest.

Termination of the rights and interests of the trustee and bondholders under a trust agreement or indenture upon final payment or provision for payment of all debt service and premiums, and other costs, as specifically provided for in the trust instrument.

The Board consists of four (4) individuals, each of whom are not «interested persons» (as defined under the 1940 Act) of the Trust or any investment adviser to any series of the Trust («Independent Trustees»).

The U.S. Trust 2015 Insights on Wealth and Worth study found that eight in 10 high net worth investors under the age of 50 either own or have an interest in adding tangible assets to their portfolio.

Of my writings published online on this blog and The Huffington Post since last April 2010, the ones that have in any small way gone viral, very relatively speaking, were those in which I wrote fast enough about current hot news items or ones relating or engaging with artworld celebrities: as one example, «My Whole Street is A Mosque,» written within 24 hours of the news cycle surrounding the proposal for a Islamic cultural center near Ground Zero, was picked up by various web aggregators; «Looking for Art to Love, MoMA: A Tale of Two Egos» also did very well because of my speculation about how or whether Marina Abramovic peed during her performance «The Artist is Present» at MoMA, a subject of much prurient curiosity (interesting speculation was illustrated online at New York Magazine and resolution of the mystery came in the Wall Street Journal's blog, «Speakeasy»); «Anselm Kiefer@Larry Gagosian: Last Century in Berlin,» where I tucked a critical response to Kiefer's recent show into a bit of reporting about how Gagosian Gallery was using the NYPD as its private police force, also created a spike on my Google analytics; more recently I could perceive a noticeable uptick in my readership as well as in the number and enthusiasm of my Facebook friends» comments for «Should we trust anyone under 30?

The Ontario PPSA subordinates a security interest in an account or inventory or its proceeds to the interest of a person who is the beneficiary of a deemed trust arising under the PBA (s 30 (7)-RRB-.

Aside from the inapplicability of federal paramountcy, an additional problem is that the provincial PPSAs and pension benefits legislation are not identical in their treatment of deemed trusts in relation to security interests arising under the PPSAs.

Free access is the new standard for knowledge that has been publicly supported and which has been undertaken in an act of public trust, especially at a time when the reputation of the universities, with regard to the influence of commercial interests, has come under criticism.

In Re Barcham [2009] 1 All ER 145 the court held that TOLATA 1996 did not provide an exhaustive regime for compensation for the exclusion of a beneficiary from the occupation of a property subject to a trust of land and that an essential prerequisite for the power to award compensation under TOLATA 1996, s 13 (6) was the entitlement under TOLATA 1996, s 12 of the beneficiary claiming the compensation to occupy the land at any time by reason of their interest: what triggered that award was the exclusion of that right of occupation.

Under a public trust doctrine private water use would be subservient to the public interest.

Duggan v. Governor of Full Sutton Prison (CA)[2003] 2 All ER 678 Monies handed over to the Governor of a prison by a prisoner were not held by the Governor on trust for the prisoner and the Governor was under no duty to invest them in an interest - bearing account on the prisoner's behalf.

The bankrupt claimed that he did not need to rely upon his illegal purpose in order to establish his beneficial interest under a constructive trust.

After the confrontation, the appellants transferred their present and future real estate interests to themselves and to their two other children as joint tenants under a trust arrangement.

In addition, Russell has expertise in professional and clinical negligence and injury claims and acts for local authorities and healthcare trusts in consent and treatment cases including «best interests» applications, deprivation of liberty applications and under the Court's inherent jurisdiction.

Lorne MacLean, QC successfully obtained a declaration that a contingent interest in a $ 15,000,000 family trust was a family asset under our old family Relations Act in the case of Fulton v. Gunn 2008 BCSC 1159.

MacLean has also educated BC lawyers and written articles on family trust division and valuation issues related to a contingent interest under a discretionary trust.

MacLean and his team of top rated family property division lawyers (selected once again as Vancouver's Best Family Law firm), have been closely watching the new Family Law Act family trust property division and beneficial interest in a discretionary trust interest valuation case law develop under the new Family Law Act.

Under Rule 1.15 of the Arkansas Model Rules of Professional Conduct, lawyers who receive, maintain, or disburse client trust funds are required to maintain those funds in interest - bearing accounts at approved financial institutions, either for the benefit of the individual client or the Arkansas Access to Justice Foundation.

The court rejected the son's claim largely on the basis that the parties had not intended a beneficial joint tenancy and granted the son a one - third beneficial interest under a constructive trust.

Notwithstanding the terms of a consent order, which provided that a sale of a matrimonial home in which a bankrupt had an interest be postponed until the happening of specified events, it would be open to a court, on an application by his trustee in bankruptcy under s 14 of the Trusts of Land and Appointment of Trustees Act 1996, to make an order for the sale of the property.

William frequently acts for charities as beneficiaries under wills and trusts in all matters arising in respect of their beneficial interests and any challenges to them.

But under an equitable doctrine such as Unjust Enrichment, Constructive or Resulting Trust (discussed below), the other spouse could claim an interest to such property.

Perhaps surprisingly, Lewison J held he had no jurisdiction to do so under AJA 1985, since a person, like the foundation, claiming under the doctrine of mutual wills was not a person beneficially interested in the estate «under the will of the deceased» (see s 50 (5)-RRB-: its interest in the estate arose as beneficiary of the trust which was imposed on the survivor / her PRs to carry out the effect of the joint will.

The special commissioner found that the whole purpose of the gifts with reservation scheme would be defeated if s 102 was construed that the interest of any settlor under a discretionary trust created by the settlor did not constitute a reservation of benefit.

Under a life interest trust, the trust assets were treated as forming part of the estate of the life tenant, so no 10 - year charges or exit charges, and bare trusts were effectively ignored — the assets belonging to the beneficiary for IHT purposes.

In the alternative, the Commonwealth claimed that no property was acquired because the Land Trust's fee simple interest in the land was a mere statutory entitlement (created under the Aboriginal Land Rights (Northern Territory) Act 1976 (Cth)(the ALRA)-RRB- and therefore it was defeasible and could be changed by another Commonwealth law.

If, after the commencement of the RDA in 1975, the Crown has enacted or amended legislation, granted or varied licences, created or extinguished any interest in relation to land or waters or created a contract or trust in relation to land or waters [9] and this act discriminates against native title rights and interests under the RDA, these acts would be invalid.

The legislation does not authorise an Aboriginal Land Trust to deal with an estate or interest in land covered by a compulsory five - year lease other than by granting a lease under Sections 19 or 19A of the ALRA.50

Unlike cash invested or held under trust in a bank account, a bank guarantee will not accrue interest.

... because the vesting under s33 of the Land Act 1933 of a reserve in a body or person vests the legal estate in fee simple to the land in that body or person and obliges the body or person to hold the land on trust for the stated purposes, rights are vested in that body or person which are inconsistent with the continued existence of any native title rights or interests to the land.

The vesting of a reserve under s33 Land Act, which vests the legal estate in fee simple to the land in that body or person and obliges the body or person to hold the land on trust for the stated purposes, is inconsistent with the continued existence of any native title rights and interests in the land.

Under ILC policies, these interests must be held in trust by ACA Act corporations (now CATSI Act corporations).14

LTTPs can use a properly vetted Mortgage Broker to proactively build and retain their client base under the soft sell where the LTTP retains all client loyalty as the LTTP facilitates and monitors MB choice: 1) initial mortgage placements which are in your clients best interest 2) properly explained obligations and renewal provisions 3) 3 to 4 client touch points through out a year paid for by the MB to maintain their relationship with the LTTP 4) pre-approvals that are dependent on home appraisal only 5) down payment facilitation from borrowed funds (temporary) 6) mortgage pay down plan allowing for follow up home trade to occur 7) creating a tax deductible mortgage 8) etc etc LTTP struggle to find ways to get new business instead of using their previous trusted status with past clients to build their business.

In its continuing effort to bring closely - related companies under its corporate umbrella, Cendant Corporation has acquired the common interests of FD Development Company, LLC from an independent business trust.

The interest payable on the loan can only be tax deductible by the trust if the interest qualifies under the general deduction formula and is levied at market rates.

107 DOS 98 Matter of DOS v. Sosis - subject matter jurisdiction; due process; failure to appear at hearing; proper business practices; deposits; fraudulent practice; DOS fails its burden of proof; DOS has subject matter jurisdiction if at the time the disciplinary proceeding was commenced by proper service of a notice of hearing and complaint the party was (i) licensed to engage in regulated real estate activities, or (ii) an applicant for either a license or for the renewal of a license to engage in regulated real estate activities, or (iii) eligible to automatically renew the prior license under the two - year limitation provision of RPL § 441 (2); ex parte hearing is permissible upon proof of proper notice of hearing; DOS has subject matter jurisdiction where party was licensed at the time proceeding was commenced and, where at time of hearing, although not licensed was eligible to automatically apply to renew pursuant to RPL § 441 (2); licensee operated a real estate brokerage business under an unlicensed name; licensee unlawfully retains deposit funds after deposit monies were delivered on the condition that same were to be disbursed only on the principal's consent and approval and said consent and approval was not given; licensee's illegal exercise of right of ownership over his principal's funds spawns conversion and constitutes a fraudulent practice; DOS fails its burden of proof to establish licensee failed to deposit trust funds in a segregated escrow account, engaged in fraud and changed business location without notice to DOS; restitution ordered in the amount of $ 1,900 plus interest, fine of $ 1,000 and any further application for licensure shall not be considered until applicant pays said fine and provides proof of payment of restitution