Accumulations made during the permitted period, and not in fact applied for the purposes of the particular fund the income of which is directed to be accumulated, pass, when those purposes have been satisfied, under the residuary gift, if any, and, if so passing, must be treated as capital and not as income
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Millett LJ subdivided types of constructive trust into two categories, distinguishing between:•the constructive trust proper, where equity intervenes to prevent the legal owner from unconscionably denying the beneficial interest of another (known as the institutional constructive trust)•the
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