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Marketable title (real estate) is a title that a court of equity considers to be so free from defect that it will legally force its acceptance by a buyer. Marketable title does not assume that absolute absence of defect, but rather a title that a prudent, educated buyer in the reasonable course of business would accept.
The resulting merger of the legal and equitable gives rise to the "perfect title", often referred to as marketable title. Legal and equitable title also arises in trust. 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]
Uniform Management of Public Employee Retirement Systems Act: 1997 Uniform Mandatory Disposition of Detainers Act: 1958 Uniform Marital Property Act: 1983 Uniform Marketable Title Act: 1990 Uniform Marriage and Divorce Act: 1970, 1973 Uniform Mediation Act: 2003 Uniform Money Services Act: 2000 Uniform Multiple-Person Accounts Act: 1969, 1989
A muniment or muniment of title is a legal term for a document, title deed or other evidence, that indicates ownership of an asset. The word is derived from the Latin noun munimentum, meaning a "fortification, bulwark, defence or protection". [1] Thus "muniments of title" means the written evidence which a land owner can use to defend title to ...
Fair Housing Act of 1968; Fair Housing Amendments Act of 1988; Fair market value; Fannie Mae; Fed, the; Freddie Mac; Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac) Federal Housing Administration (FHA) Federal National Mortgage Association (FNMA or Fannie Mae) Federal Real Estate Board; Federal Reserve System; Fee simple; Fee ...
In English law, the long title of a bill or act of parliament states its purpose; this may enumerate multiple purposes, or end with a vague formula like "and for other purposes". A proposed amendment to a bill may be rejected if it is outside the scope defined in its long title; alternatively, the title may be amended to increase its scope.
The National Securities Markets Improvement Act of 1996 is an amendment to United States federal securities laws in with the aim of promote efficiency and capital formation in the financial markets, and to amend the Investment Company Act of 1940 to promote more efficient management of mutual funds, protect investors, and provide more effective and less burdensome regulation between states and ...
The title would terminate if Congress enacted a joint resolution with the text after the resolving clause being: That provisions of the International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001, and the amendments made thereby, shall no longer have the force of law.