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The Gadsden Purchase (Spanish: Venta de La Mesilla "La Mesilla sale") [2] is a 29,640-square-mile (76,800 km 2) region of present-day southern Arizona and southwestern New Mexico that the United States acquired from Mexico by the Treaty of Mesilla, which took effect on June 8, 1854. The purchase included lands south of the Gila River and west ...
In English law, a fee simple or fee simple absolute is an estate in land, a form of freehold ownership. A "fee" is a vested, inheritable, present possessory interest in land. A "fee simple" is real property held without limit of time (i.e., permanently) under common law, whereas the highest possible form of ownership is a "fee simple absolute ...
The merger also refers to the doctrine whereby "a fee simple estate, once fragmented into present and future interests, can thereafter be reconstituted. 'Merger is the absorption of a lesser estate by a greater estate, and takes place when two distinct estates of greater and lesser rank meet in the same person or class of persons at the same time without any intermediate estate.' "[1 ...
It had not specified the southern and western boundary of the new state of Texas with New Mexico consisting of roughly 529,000 square miles (1,370,000 km 2), not including any Texas lands, the Mexican Cession was the third-largest acquisition of territory in U.S. history, surpassed only by the 827,000-square-mile (2,140,000 km 2) Louisiana ...
Feudalism. v. t. e. Allodial title constitutes ownership of real property (land, buildings, and fixtures) that is independent of any superior landlord. Allodial title is related to the concept of land held in allodium, or land ownership by occupancy and defence of the land. Most property ownership in common law jurisdictions is fee simple.
Higher category: Law and Common law. v. t. e. Generally, a quitclaim is a formal renunciation of a legal claim against some other person, or of a right to land. [ 1 ] A person who quitclaims renounces or relinquishes a claim to some legal right, or transfers a legal interest in land. [ 2 ] Originally a common-law concept dating back to Medieval ...
The remainder (the southern parts) of New Mexico and Arizona were peacefully purchased under the Gadsden Purchase, which was carried out in 1853. In this purchase, the United States paid an additional $10 million (equivalent to $290 million in 2023) for land intended to accommodate a transcontinental railroad.
Where land is registered under a Torrens title registration system or similar, special rules apply. It may be that the land cannot be affected by adverse possession (as was the case in England and Wales from 1875 to 1926, and as is still the case in the state of Minnesota [51]) or that special rules apply.
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