The law assumes that future property is of no benefit to the life tenant, and thus must be sold to obtain income producing investments.
12.
First, the possibility of assigning future property in equity was confirmed in " Holroyd v Marshall " ( 1862 ) 10 HL Cas 191.
13.
Ipoh managing director Bertie San said the purchase added a further dimension to the company's growth strategy through real estate investments by providing opportunities for future property securitization.
14.
Because options amount to dispositions of future property, in common law countries they are normally subject to the rule against perpetuities and must be exercised within the time limits prescribed by law.
15.
Because of the requirement to transfer title, it is not possible to take a legal mortgage over future property, or to take more than one legal mortgage over the same assets.
16.
In November, Washington state voters passed an initiative that called for a refund from tax increases imposed in the second half of 1999 and also for a limit on future property tax increases.
17.
Most of the 221 residents agreed to leave the town and absolve the company from future property or health claims, while some remain through either deals with the company or refusal to sell their property.
18.
However, creditors'lawyers gradually developed an diverse variety of methods, some authorized by state legislatures and others tolerated by state courts, to evade the general ban on security interests in future property.
19.
"As is customary when we invest in a significant market, we also make long-term plans that anticipate our future property requirements, " said Roger Servison, executive vice president of Fidelity.
20.
Henry the Young King was unimpressed by this; although he had yet to be granted control of any castles in his new kingdom, these were effectively his future property and had been given away without consultation.
