Sentences with phrase «legal equitable interest»
I was perfectly willing to deal through the wholesaler and never tried to circumvent his contract, but I was not able to determine his legal equitable interest.
https://www.biggerpockets.com/ Not exact matches
«Bankruptcy estate» is a really broad concept that means all legal and equitable interests you possess on the date you file your case.
To the best of my knowledge, there is no other individual with legal or equitable ownership interest in the cat.
«Even though the airline may not consider the airline miles as property of the holder, bankruptcy law requires that a debtor include all «legal and equitable interests» on his or her schedules when filing for bankruptcy,» Connolly says.
Instead, use words and phrases that honor the complexity of the fact pattern and the competing legal, equitable and policy interests at stake.
In the case of Stanford & Stanford (2012) 247 CLR 108 the High Court held that property settlements are concerned with the alteration of «parties» existing current legal and equitable interests in the property» and therefore, add backs should not form part of the property pool because the parties no longer have an existing interest in that specific asset.
However, in Rickard, the Court of Appeal has now clarified the law on this point by concluding that a twenty - first century application of the statutory power to appoint a receiver by way of equitable execution should not preclude that receiver's appointment over a legal interest in the property of a judgment debtor.
«Economic interest» means ownership of more than a de minimis legal or equitable interest.
[6] «Economic interest,» as set forth in the Terminology section, means ownership of more than a de minimis legal or equitable interest.
Where a person who is the owner beneficially of property — and the legal estate is vested in another as trustee for him — makes a declaration of trust, the practical effect amounts, or is capable of amounting, to the «getting rid of» a trust or equitable interest then subsisting.
I can't really believe that any real estate commission would think that equitable title alone constitutes ownership of a parcel and the requirements to advertise is defined by ownership, from the UCC down to the lowest ordinance ownership means holding legal title, not just an equitable interest or economic interest.
In real estate agencies relationships, all parties in title are required to sign a listing agreement, it doesn't mean the heirs who may have some future equitable interest, but those holding legal title.
With equitable interest, you are legally allowed to market the property — no different than it would be legal for the owner to market the property himself (FSBO).