Legal Definition and Related Resources of Equitable Interests
Meaning of Equitable Interests
Interests in property which, though not recognized at law, will be recognized and enforced by a court of equity . while a trustee has the legal estate in the trust property, he is compelled to hold the property for the benefit of the beneficiaries whose interests are called equitable. The right of a mortgagor in the mortgaged lands is an equitable interest while the legal estate vests in the mortgagee . See equitable estate .
Related Entries of Equitable Interests in the Encyclopedia of Law Project
Browse or run a search for Equitable Interests in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Equitable Interests in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Equitable Interests in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Equitable Interests in the Legal Abbreviations and Acronyms Dictionary.
Related Legal Terms
You might be also interested in these legal terms:
Equitable interests in Law Enforcement
Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of equitable interests.
Resources
See Also
- Law Enforcement Officer
- Policeman
- Law Enforcement Agency
Further Reading
- equitable interests in A Dictionary of Law Enforcement (Oxford University Press)
- equitable interests in the Encyclopedia of Law Enforcement
- A Treatise on the Police of the Metropolis
English Legal System: Equitable Interests
In the context of the English law, A Dictionary of Law provides the following legal concept of Equitable Interests : Interests in property originally recognized by the Court of Chancery, as distinct from legal interests recognized in the common-law courts. They arose in cases when it was against the principles of *equity for a person to enforce a legal right. Originally equitable rights (e.g. a trust, or the equity of redemption under a mortgage) were enforceable against the person with a legal right over property in question. Later, however, those who were given the property by the holder of the legal interests took it subject to equitable interests; later still, anyone who bought property knowing of the equitable interests was bound by them. In the developed law, everyone took property subject to equitable interests except those who bought it and neither knew nor ought to have known of the equitable interests (the doctrine of notice). Since 1925, equitable interests may be protected by the doctrine of *overreaching, under the system of *land charges, or by notice.
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