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Grant Thornton Tower (formerly Chicago Title & Trust Center, 161 North Clark and sometimes Chicago Title Tower [1]) is an office tower located in Chicago designed by the firm Kohn Pedersen Fox Associates. Before completion in 1990 the twin tower design was awarded The Chicago Athenaeum's "Best Building" Architecture Award, the award was ...
The 1869 act establishing the Illinois Central Railroad Company, granted the company title to a section of the submerged lakebed of Lake Michigan. The state legislature later repealed this piece of legislation. Justice Field posed the question whether the legislature was authorized to transfer title to the submerged lake bed in the first place.
The Burnham Center, originally known as the Conway Building and later as the Chicago Title & Trust Building, is a historic skyscraper in Chicago, Illinois.Built with funds from the Marshall Field estate, it was the last building designed by Daniel Burnham before his death on June 1, 1912, and was completed in 1913.
It ruled that if a land trust was set up with some minor duty on the trustee (such as to deed the property to the beneficiaries 20 years later), then the trust would not be considered passive and would be valid. Thus, the land trust in America today is often called an "Illinois-type" land trust or "Illinois Land Trust". [2]
In a trust, one person may own the legal title, such as the trustees. Another person may own the equitable title such as the beneficiary. [2] In countries with a sophisticated private property system, documents of title are commonly used for real estate, motor vehicles, and some types of intangible property. When such documents are used, they ...
A deed of trust refers to a type of legal instrument which is used to create a security interest in real property and real estate.In a deed of trust, a person who wishes to borrow money conveys legal title in real property to a trustee, who holds the property as security for a loan from the lender to the borrower.
Torrens title is a land registration and land transfer system in which a state creates and maintains a register of land holdings, which serves as the conclusive evidence (termed "indefeasibility") of title of the person recorded on the register as the proprietor (owner), and of all other interests recorded on the register.
The vast majority of states in the United States employ a system of recording legal instruments (otherwise known as deeds registration) that affect the title of real estate as the exclusive means for publicly documenting land titles and interests. The record title system differs significantly from land registration systems, such as the Torrens ...
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