Use ‘trust for sale’ in a sentence | ‘trust for sale’ example sentences
1- Under a trust for sale the trustees obviously can sell, and they are given by statute a discretionary power to retain.
2- Where land is involved, it is usually conveyed to a maximum of four partners on trust for sale , the proceeds of sale and any rents and profits being held as partnership property.
3- Most recently the Law Commission in 1989 recommended replacement of the dual system of trusts for sale and Settled Land Act settlements by a new trust machinery applicable to all trusts of land.
4- The trust for sale has the enormous advantage of being available also for trusts of personalty, or of mixed land and personalty, and is also more convenient for creating discretionary trusts, which of course have no life tenant.
5- Since 1925 the same interests can be created in personalty as in realty, and all the beneficial interests which can be created under a settlement can similarly be created behind a trust for sale .
6- Much the same result could be achieved by creating a trust for sale of the land; that is to say, by conveying the land to trustees upon trust to sell, and to hold the income of the land until sale, and the proceeds of sale, upon trust for beneficiaries in any desired order.
7- Whether the matrimonial home is held in the joint names of the husband and wife on trust for sale or is in the name of the husband alone, it is not unusual for the court to order that the house be retained but upon certain terms and conditions.
8- Under a trust for sale , the property, which can be real or personal (land or goods), is transferred by the owner by deed or will to trustees who are obliged to sell the property and hold the proceeds of sale for the beneficiaries.
9- **–Stations acquired with the purchases of KSAZ-TV and WDAF-TV, but later placed in a trust for sale to Fox.
More Sentences:
Related Words:
indirect sale – private sale – tabletop sale – clearance sale – conditional sale – offer for sale – trustee for sale – trust for sale – closing down sale – end-of-season sale – car sale – sales force – sales manager – in sales – sales department –
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