A Digested Treatise And Compendium of Law Applicable to Titles to Real Estate in the State of New York
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A power in trust involves the idea of a trust as much as a trust estate. In both cases a confidence is implied. The difference is in the mode of effecting the object. In one case it is done through the conveyance or devise of an estate in trust, by which the grantee or devisee becomes seized of the legal estate in the land ; in the other, by the creation or grant of a power by which the donee is invested with an au- thority with relation to the future use or disposition of the land.
See also, a...s to the above distinctions, ante, p. 365.
Parties to a Power. — In creating a power, the parties .concerned in it are the donor who confers the power, the donee or appointor who executes, and the appointee in whose favor it is executed.
The Revised Statutes provide that the term " grantor of a power " is to be considered as used in the article as designating the person by whom a power is created, whether by grant or devise ; and the term " grantee of a power " is to be used as designating the person in wh'om a power is vested, whether by grant, devise or reserva- tion.
What to read after A Digested Treatise And Compendium of Law Applicable to Titles to Real Estate in the State of New York?
You can find similar books in the "Read Also" column, or choose other free books by Gerard, James W. (James Watson), 1823-1900 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
A power in trust involves the idea of a trust as much as a trust estate. In both cases a confidence is implied. The difference is in the mode of effecting the object. In one case it is done through the conveyance or devise of an estate in trust, by which the grantee or devisee becomes seized of the legal estate in the land ; in the other, by the creation or grant of a power by which the donee is invested with an au- thority with relation to the future use or disposition of the land.
See also, a...s to the above distinctions, ante, p. 365.
Parties to a Power. — In creating a power, the parties .concerned in it are the donor who confers the power, the donee or appointor who executes, and the appointee in whose favor it is executed.
The Revised Statutes provide that the term " grantor of a power " is to be considered as used in the article as designating the person by whom a power is created, whether by grant or devise ; and the term " grantee of a power " is to be used as designating the person in wh'om a power is vested, whether by grant, devise or reserva- tion.
What to read after A Digested Treatise And Compendium of Law Applicable to Titles to Real Estate in the State of New York?
You can find similar books in the "Read Also" column, or choose other free books by Gerard, James W. (James Watson), 1823-1900 to read onlineMoreLess
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