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The trust was an addition to the law of property, in the situation where one person held legal title to property but the courts decided it was fair just or "equitable" that this person be compelled to use it for the benefit of another. This recognised as a split between legal and beneficial ownership: the legal owner was referred to as a ...
The last edition of the RSO was dated 1990 pursuant to the Statutes Revision Act, 1989, consolidating the statutes in force prior to January 1, 1991. [3] More recently, acts have been consolidated on the e-Laws website, organized by reference to their existing citations in the Statutes of Ontario or Revised Statutes of Ontario. [4]
The Act defines how the author of the trust could create a trust and assign trustees and assign his monetary assets to be controlled by the trust. This trust should have a clear definition of the following: [3] [1] Intention by the author to create the trust; Purpose of the trust; The beneficiary of the monetary assets controlled by the trust
Acts passed before 1963 are cited using this number, preceded by the year(s) of the reign during which the relevant parliamentary session was held; thus the Union with Ireland Act 1800 is cited as "39 & 40 Geo. 3 c. 67", meaning the 67th act passed during the session that started in the 39th year of the reign of George III and which finished in ...
The Trusts Act 1920; The Trusts Act 1922; The Trust Funds Act 1897; The Trust Funds Act 1902; The Trust Funds Act 1902 (No 2) The Trust Funds Act 1906; The Trustees' Investments Act 1922; The Trustee Act 1928; The Trustee Act 1931; The Trustee (Investments) Act 1933; The Trustee Act 1936; The Trustee Act 1939; The Trustee Act 1953; The Trustee ...
The Settled Land Acts 1882 to 1890 is the collective title of the following Acts: [2] The Settled Land Act 1882 (45 & 46 Vict. c. 38) The Settled Land Act 1884 (47 & 48 Vict. c. 18) The Settled Land Acts (Amendment) Act 1887 (50 & 51 Vict. c. 30) The Settled Land Act 1889 (52 & 53 Vict. c. 36) The Settled Land Act 1890 (53 & 54 Vict. c. 69)
The transfer of real estate was simplified by the Real Property Act 1845 (8 & 9 Vict. c. 106) [34] and by the Conveyancing Act 1881 (44 & 45 Vict. c. 41) and Conveyancing Act 1882 (45 & 46 Vict. c. 39) Additional powers of dealing with settled estates were given by the Settled Estates Act 1856 (19 & 20 Vict. c. 120), later by the Settled ...
Although people are generally free to set the terms of trusts in any way they like, there is a growing body of legislation to protect beneficiaries or regulate the trust relationship, including the Trustee Act 1925, Trustee Investments Act 1961, Recognition of Trusts Act 1987, Financial Services and Markets Act 2000, Trustee Act 2000, Pensions ...