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" Where a trust is created to receive the rents and profits of lands, and no valid direction for accumulation is given, the surplus of such rents and profits, beyond the sum that may be necessary for the education and support of the person for whose benefit... "
Readings in the Law of Real Property: An Elementary Collection of ... - Page 178
edited by - 1900 - 555 pages
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Reports of Cases Decided in the Court of Chancery of the State of ..., Volume 30

New Jersey. Court of Chancery - Law reports, digests, etc - 1879 - 846 pages
...legislature of New York has passed statutes on the subject of uses and trusts, by which the surplus of rents and profits beyond the sum necessary for the education and support of the person for whose benefit the trust is created, is made liable in equity to the claims of the creditors...
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 107

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - Law reports, digests, etc - 1897 - 796 pages
...How. Stat. § 5575, providing that, when a trust is created to receive the rents and profits of lands, and no valid direction for accumulation is given, the surplus of such rents and TRUSTS— Continued. profits, beyond the sum necessary for the support of the cestui que trust, shall...
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The Compiled Laws of the State of Michigan: Published by Authority, Part 2

Michigan, Thomas McIntyre Cooley - Law - 1857 - 998 pages
...c«"itd (2643.) SEC. 13. When a trust is created to receive the ta certain rentg and profits of lands, and no valid direction for accumulation is given,...surplus of such rents and profits, beyond the sum that may be necessary for the education and support of the person for whose benefit the trust is created,...
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Public and Local Acts of the Legislature of the State of Michigan, Volume 2

Michigan - 1857 - 1012 pages
...itd- (2643.) SEC. 13. When a trust is created to receive the in certainrents an(j profits of lands, and no valid direction for accumulation is given,...surplus of such rents and profits, beyond the sum that may be necessary for the education and support of the person for whose benefit the trust is created,...
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A Treatise on the Law of Real Estate: And of the Mode of Alienation Thereof ...

John Willard - Conveyancing - 1861 - 718 pages
...and profits of lands where there is no valid discretion for the accumulation, should, with respect to the surplus of such rents and profits beyond the sum necessary for the education and support of the person for whose benefit the trust was created, be available to the creditors of such person, in the...
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Draft of a Civil Code for the State of New York

New York (State). Commissioners of the Code - Civil law - 1862 - 550 pages
...passes to the devisees of the will, or by succession, subject to the execution of the power. § 228. Where a trust is created to receive the rents and Profits of ,.,,..„ land liable profits of real property, and no valid direction for accumu- to creditor« rr...
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Statutes at Large of the State of New York: Comprising the Revised ..., Volume 1

New York (State) - Law - 1863 - 1036 pages
...testator, subject to the execution of the power. 18 NY, 107; 2 B., 537 ; 2 Ed., 659; 2 H., 569. <$ 57. Where a trust is created to receive the rents and profits of lauds, and no valid direction for accumulation is given, the surplus of such rents and profits, beyond...
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The Civil Code of the State of New York: Reported Complete by the ...

New York (State). Commissioners of the Code, New York (State). - Civil law - 1865 - 896 pages
...Johnston, 1 Sand/. Cli., 148. 5 287. Where a trust is created to receive the rents J"°f % $, land liable and profits of real property, and no valid direction...surplus of such rents and profits, beyond the sum that may be necessary1 for the education and support of the person for whose benefit the trust is created,...
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Revised Laws of the State of California: In Four Codes : Political ..., Volume 2

California, California. Commission to Revise the Laws of California - California - 1871 - 894 pages
...profits, vests no estate in them; but the trust ia valid as a power in trust. NYCC, Sec. 288. SEC. 859. Where a trust is created to receive the rents and...property, and no valid direction for accumulation in given, the surplus of such rents and profits, beyond the sum that may be necessary for the education...
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The Civil Code of the State of California, as Enacted in 1872: Amended at ...

California - Civil law - 1876 - 626 pages
...by him whenever the assignment is duly acknowledged and recorded. [In effect July 1, 1874.] § 859. Where a trust is created to receive the rents and...surplus of such rents and profits, beyond the sum that may be necessary for the education and support of the person for whose benefit the trust is created,...
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