A declaration1 by the mortgagor that he holds the property on trust for the mortgagee enables the mortgagee on exercising the power of sale2 to vest the legal estate in the mortgaged property in himself or a purchaser3. The power of appointment of new trustees4 should be exercisable by the mortgagee and give the mortgagee and those deriving title under him power to remove the mortgagor from the trusteeship and to appoint himself or themselves or any of them as new trustees. On an appointment of new trustees the legal estate in the mortgaged property will vest in the
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Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to the gains and losses of intangible fixed assets. Note, however, that certain intangible fixed assets are excluded from the regime, see Practice Note: Excluded intangible fixed
Source of the doctrine of the separation of powersThe origins of the doctrine are often traced to John Locke’s Second Treatise of Government (1689), in which he identified the 'executive' and 'legislative' powers as needing to be separate.‘… it may be too great a temptation to human frailty, apt to
The primary function of office-holders in personal and corporate insolvency is to collect in the assets belonging to a company or individual and to distribute these to the company's or individual's creditors. Office-holders have various duties and powers in order to ensure that they do this. For
The principles of the notarial act are that it is:•an act of the notary and not of the parties named in the document•a record of a fact, event or transaction•in the form of a document, notwithstanding the form of the underlying document, fact, event or transactionThe purpose of the notarial act is
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