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An Act to make new provision about trusts of land including provision phasing out the Settled Land Act 1925, abolishing the doctrine of conversion and otherwise amending the law about trusts for sale of land; to amend the law about the appointment and retirement of trustees of any trust; and for connected purposes. Citation: 1996 c. 47: Dates
State trust land managers lease and sell these lands to generate revenue for current and future designated beneficiaries. Predominantly found in the western United States, 46 million acres of land are currently designated as trust lands and the proceeds from the lease and sale of these lands are distributed into a state's permanent fund and ...
Once a trust is running, Trusts of Land and Appointment of Trustees Act 1996 section 19 allows beneficiaries of full capacity to determine who the new trustees are, if other replacement procedures are not in the trust document.
Instead, management of the school trust lands and investment of the school trust funds was vested in a board of three ex officio "Commissioners of Public Lands" which, in accordance with Article X, Section 7 of the Wisconsin State Constitution, are the duly elected Secretary of State, State Treasurer, and Attorney General. Wisconsin's "land ...
They created the Office of Hawaiian Affairs (OHA), and directed that OHA was to receive the income and proceeds derived from a pro rata portion of the trust revenue. [19] In addition, Article XII, Section 6, of the Constitution "requires the OHA Trustees to manage and administer income and proceeds from a variety of sources, including a pro ...
The US Census has provided data for trust lands since the 1980 Census. Under the Indian Gaming Regulatory Act, tribes can purchase off-reservation land and have it placed in trust in order to operate casinos on the land. [2] For example, in 2015 the Spokane tribe won Bureau of Indian Affairs approval for an off-reservation casino. In 2008, the ...
Conservation easement boundary sign. In the United States, a conservation easement (also called conservation covenant, conservation restriction or conservation servitude) is a power invested in a qualified land conservation organization called a "land trust", or a governmental (municipal, county, state or federal) entity to constrain, as to a specified land area, the exercise of rights ...
Where the property is land or an equitable interest in land, it must be transferred by writing in accordance with Sections 52-3 of the Law of Property Act 1925. When dealing with shares, the transfer is not complete until a transfer document has been completed and the company has entered the change of ownership in its books. [19]