TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

A trustee whose sole function is to hold the title to the trust property.  3, record 1, English, - bare%20trustee

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 OBS

nu-fiduciaire; nue-fiduciaire : termes normalisés par le Comité de normalisation, Promotion de l'accès à la justice dans les deux langues officielles (PAJLO).  2, record 1, French, - nu%2Dfiduciaire

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 OBS

The essential difference between legal and equitable rights is best understood by comparing absolute ownership with trusts....(A) t this point it is only necessary to appreciate that trusts were unenforceable at common law. If land was conveyed to A in fee simple upon trust for B in fee simple, the common law courts regarded A as absolute owner and would not recognise any rights in B. But the Chancellor would enforce trusts, as matters of conscience, and compel A to hold the land on B's behalf and to allow B to enjoy it. In such a case A is the "legal owner", B is the "equitable owner". The land is vested in A, but since he is trustee of it he is not the beneficial owner : he has only the "bare legal estate", and the beneficial interest belongs to B. Now legal ownership confers rights "in rem", rights of property in the land itself, which can be enforced against anyone. Equitable ownership conferred at first only a right "in personam", a right to compel the trustee personally to perform his trust.(Megarry & Wade, 4th ed., 1975, p. 113).  1, record 2, English, - legal%20ownership

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 OBS

propriété en common law : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).  2, record 2, French, - propri%C3%A9t%C3%A9%20en%20common%20law

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 DEF

One who is recognized in equity as the owner of property, because the real and beneficial use and title belong to him, although the bare legal title is vested in another, "e. g. ", a trustee for his benefit.(Black's, 6th ed., 1990, p. 539)  1, record 3, English, - equitable%20owner

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 OBS

propriétaire en equity : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).  2, record 3, French, - propri%C3%A9taire%20en%20equity

Record 3,  Textual support,  Spanish