Sentence Examples

  • He did not regard himself merely as the trustee of the national resources.
  • At English common law debts and other choses in action were not assignable (see CHOSE), but by the Judicature Act 1873 any absolute assignment of any debt or other legal chose in action, of which express notice in writing is given to the debtor, trustee or other person from whom the assignor would have been entitled to receive or claim such debt, is effectual in law.
  • The revenue derived from the sales and leases of this land constitutes an endowment fund upon which the state as trustee pays 6% interest.
  • If a tenant become bankrupt, his interest passes to his trustee in bankruptcy - unless, as is frequently the case, the lease makes the occurrence of that contingency determine the lease.
  • The Benefices Act of that year absolutely invalidates any transfer of a right of patronage unless (a) it is registered in the diocesan registry, (b) unless more than twelve months have elapsed since the last institution or admission to the benefice, and (c) unless "it transfers the whole interest of the transferor in the right" with certain reservations; in other words, the act abolished the sale of next presentations, but it expressly reserved from its operation (a) a transmission on marriage, death or bankruptcy or otherwise by operation of law, or (b) a transfer on the appointment of a new trustee where no beneficial interest passes.

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