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VESTING OF PROPERTY IN TRUSTEES
The settlor must transfer the property to the original trustees in the proper legal manner. Similar transfers must be made on a change of trustee; but if a new trustee is appointed by deed, this operates to vest property automatically, except for: 1. Land conveyed by way of mortgage to secure trust moneys lent;2. Leasehold land held under a covenant not to assign without consent (unless consent is obtained); 3. Registered stocks and shares, which must be transferred in the proper manner S.41. The court has power to make vesting orders in appropriate circumstances.
journal entries
In its first month in business, Jones, Inc. sold merchandise to customers on account for $119,800. It collected $72,000 on those sales during the first month and recorded Revenue f
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i have project on "cengagebrain" for framework class. its pretty long
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What are the Advantage of limited liability Advantage of limited liability, though, imposes certain obligations on such companies. To start up a limited company, documents of i
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During it's first year of operations, Rosa Corp has these transactions pertaining to its common stock. Jan. 10 Issued 30,000 shares for cash at $5 per share July 1 Issued 60,000 sh
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