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- W802212730 abstract "ISUSPECT that for many, if not all, of my auditors I shall be merely restating what they already know. But with legislation so recent, and far reaching and in many ways, particularly from an American point of view, so radical as the present act for the basis of discussion, it has seemed me that my time could be most advantageously employed in stating just what the act has done in the field in which we are now con cerned, leaving the consideration of the implications therefrom be developed subsequently. In one aspect or another law is always in a process of reformation. Sometimes the movement is slow, at other times rapid, sometimes widespread, at other times limited. Since almost the beginning of the nineteenth century the land law of England has been the sub ject of legislative emendation. Such work was for the most part piecemeal. For the last twenty-five years two fundamental movements have been actively on foot; one having for its object the simplification of the title land; the other having for its object the registration of the title land. The present act which was passed on June 29, 1922, and which goes into effect on January 1, 1925, is a synthesis of these two lines of activity. For the purpose of this paper I shall confine myself the parts of the act that deal with the simplification of title. The method of this proposed simplification has been variously stated. Thus it has been said be assimilate the law of real property with the law of personal property, or make the title land approxi mate as nearly as circumstances permit the title stock, or metaphorically, to put all interests in land except a fee simple absolute or for a term of years absolute behind the curtain of a trust for sale or a settlement. That is, in general, the purpose of the movement has been bring it about that only a single legal title in absolute form should be recognized; that other interests should exist as rights in the land only with a liability destruction by the acts of specified persons. But it is safe say that a pro posal turn indestructible property rights into de structible property rights or pure rights in personam would never become effective as legislation; so coupled with the provision for the simplification of land titles and their easy transferability we find the correlative proposition of creating new property rights in the new res?cash, bonds, other lands, or other property?sub stituted for the original land. How does the act achieve this result?" @default.
- W802212730 created "2016-06-24" @default.
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- W802212730 date "1923-01-01" @default.
- W802212730 modified "2023-09-28" @default.
- W802212730 title "Equitable Interests as Affected by the 1922 English Law of Property Act" @default.
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