The writer believes that the impact of a buy-sell agreement on whether property vests indefeasibly depends on how one interprets the time at which property vests indefeasibly.
|
|
Propositions in this special class can be indefeasibly Known even by atheists.
|
|
Rose has a life estate, and Barbara has an indefeasibly vested remainder.
|
|
The property could not vest indefeasibly if it vests subject to divestment.
|
|
For this reason, the agreement did not prevent the shares from vesting indefeasibly.
|
|
The sceptic's claim that knowledge is impossible could mean that no belief is ever indefeasibly justified.
|
|
This concept is generally used in ascertaining whether a right in a property has vested indefeasibly.
|
|
American is also seeking to use cash on hand to indefeasibly repay the existing prepetition obligations secured by the aircraft.
|
|
The soul remains indefeasibly free in its choices, and the misuse of this freedom is the cause of its captivity to the devil.
|
|
Clement J. began his analysis by stating that Mrs. Hillis was required to establish that the property had vested indefeasibly within 15 months.
|
|
It is true that, as a matter of formal game theory, the President can be labeled principal only if his authority is indefeasibly by Congress.
|
|
For Clement J., it is the right to the property that has to vest indefeasibly and this right therefore vests at the time of the death.
|
|
This statement is of great importance in common law since the property could, inter alia, be vested indefeasibly in a remainderman, i.e., a holder of a remainder estate.
|
|
New paragraph 32 contains information for the representatives of taxpayers who wish to request an extension of time to establish the indefeasibly vesting of property in a child.
|
|
The generally widespread understanding of this interpretation is that the property does not vest indefeasibly if the shareholders' agreement forces the sale following the death of the deceased.
|
|
This writer believes that the shares should not vest indefeasibly if the surviving shareholder's option to purchase is exercised before the transfer of the shares to the legatee.
|
|
Since the dispute arose in 1977, it must be remembered that the time within which a property had to vest indefeasibly was only 15 months after the taxpayer's death.
|
|
These texts make a powerful case that nothing else can be indefeasibly Known prior to establishing that we're creatures of an all-perfect God, rather than an evil genius.
|
|
If no condition suspends the vesting or there is no condition or limitation that makes the vesting defeasible, the right is considered to be vested indefeasibly at the time of death.
|
|
A remainder is vested if (1) the remainder is given to a presently existing and ascertained person, and (2) it is not subject to a condition precedent. A vested remainder may be indefeasibly vested, meaning that it is certain to become possessory in the future, and cannot be divested. An example, O conveys to "A for life, then to B and B's heirs." B has an "indefeasibly vested remainder" certain to become possessory upon termination of A's life estate. B or B's heirs will clearly be entitled to possession upon A’s death.
|
|
On his death, the farm property is held in trust for his son, and by the terms of the trust it vests indefeasibly in the son although it is not transferred to him until he attains a certain age.
|
|
Note that changing the word "issue" to "children" makes the gift valid: Since the class of "A's children" is closed and completely cognizable at the time of A's death (plus a gestation period as allowed by the rule), A's children no longer have a vested remainder subject to open; upon A's death, they now have an indefeasibly vested remainder, which is outside the scope of the Rule against Perpetuities. On the contrary, the class of "A's issue" is subject to expand long after A's death, so their future interest remains that of a vested remainder subject to open, which is within the scope of the rule. B cannot serve as the life in being for A's issue because B was not yet born, i.e., not "a life in being," at the time of the transfer.
|
|