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LEGAL EXECUTORY INTEREST [2 records]

Record 1 2013-03-15

English

Subject field(s)
  • PAJLO
  • Property Law (common law)
CONT

Legal executory interests are future interests which arise either under a use executed by the "Statute of Uses" or, formerly, under a will. (Anger & Honsberger, 2nd ed., 1985, p. 416)

CONT

(L) egal executory interests... are interests of a kind quite different from those recognized by the common law. As the word "legal" indicates, they are interests that affect legal title. They are "executory" in that they are always contingent and never vested, and when the contingency occurs they vest forthwith in possession and do not pass through the stage of vesting in interest. Moreover, legal executory interests are not subject to the common law remainder rules and in this sense, in contrast with legal contingent remainders, may be termed "indestructible. "(Mendes da Costa & Balfour, 1982, p. 771)

French

Domaine(s)
  • PAJLO
  • Droit des biens et de la propriété (common law)
OBS

Dans l'équivalent normalisé, l'élément «non réalisé» se voit attribuer une vocation technique selon laquelle il désigne ce qui est à réaliser.

OBS

L'élément «legal» du terme anglais s'oppose dans certains contextes à «common law». Le terme pourra dans ces cas être rendu par une expression explicative telle que «intérêt non réalisé d'origine législative».

OBS

intérêt non réalisé 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).

Spanish

Save record 1

Record 2 2012-12-12

English

Subject field(s)
  • PAJLO
  • Property Law (common law)
CONT

(I) n a conveyance "to X and his heirs, to the use of Y and his heirs, to the use of Z and his heirs when Z marries", the first use is executed, giving Y the legal estate and Z an equitable executory interest.(Anger & Honsberger, 2nd ed., 1985, p. 431)

CONT

The immediate effect of the statute (of Uses) was that it converted what were formerly equitable executory interests into legal ones. (Anger & Honsberger, supra, p. 39)

French

Domaine(s)
  • PAJLO
  • Droit des biens et de la propriété (common law)
OBS

Dans l'équivalent normalisé, l'élément «non réalisé» se voit attribuer une vocation technique selon laquelle il désigne ce qui est à réaliser.

OBS

intérêt non réalisé 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).

Spanish

Save record 2

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