Rule in Re Atkinson

Rule in Re Atkinson

The rule in "Re Atkinson" [1904] 22 160 is a rule of equity relating to the disposition by the trustees of an authorised mortgage security where the security forms part of a trust fund, and the beneficiaries of the trust fund include a tenant for life and a remainderman. Where the security is sold and the proceeds are insufficient to satisfy the principal and interest in full, it is necessary to determine the way in which the loss shall be shared as between the tenant for life and the remainderman. The sum realised by the sale must be apportioned between the life tenant and the remainderman in the proportion that the amount due for the arrears of interest bears to the amount due in respect of principal. The rule also applies to debenture stock, ["Re Walker" [1936] Ch 280] but not to dividends or arrears of dividends on preference shares. ["Re Wakley" [1920] 2 Ch 205]

ee also

*General duties of trustees

Footnotes


Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Rule in Howe v Earl of Dartmouth — The rule in Howe v Earl of Dartmouth (1802) 7 Ves 137 is a rule of equity in relation to the duties of a trustee in relation to a trust fund where there are successive interests in relation to the trust fund, and seeks to strike a fair balance… …   Wikipedia

  • Rule of three (writing) — For other uses, see Rule of Three. The Three Bears The rule of three is a principle in writing that suggests that things that come in threes are inherently funnier, more satisfying, or more effective than other numbers of things. The… …   Wikipedia

  • Simpson's rule — can be derived by approximating the integrand f (x) (in blue) by the quadratic interpolant P (x) (in red). In numerical analysis, Simpson s rule is a method for numerical integration, the numerical approximation of definite integrals.… …   Wikipedia

  • Trapezoidal rule — This article is about the quadrature rule for approximating integrals. For the Explicit trapezoidal rule for solving initial value problems, see Heun s method. The function f(x) (in blue) is approximated by a linear function (in red). In… …   Wikipedia

  • John Atkinson, Baron Atkinson — John Atkinson, Baron Atkinson, (13 December, 1844 ndash; March 13, 1932) was an Irish politician and British judge. He was born at Drogheda, County Louth, the eldest son of Edward Atkinson, a physician, of Glenwilliam Castle, County Limerick and… …   Wikipedia

  • Hartwick's rule — In resource economics, Hartwick s Rule defines the amount of investment in produced capital (buildings, roads, knowledge stocks, etc.) that is needed to exactly offset declining stocks of non renewable resources. This investment is undertaken so… …   Wikipedia

  • Norman Atkinson — (born 25 March 1923) is a British politician who served as Labour Member of Parliament for the London constituency of Tottenham from 1964 until 1987. Manchester born, Atkinson was educated at technical school and became a design engineer at… …   Wikipedia

  • Tweddle v. Atkinson — (1861),1 B. S. 393; 121 E.R. 762 was a British court case that served to establish the principle of privity of contract in English law.The Plaintiff was the son of the late John Tweddle. Tweddle had arranged with late William Guy that a marriage… …   Wikipedia

  • Hobson, John Atkinson — (1858–1940)    John Hobson, an economist, political commentator, and activist, formulated what has been probably the single most influential theory of imperialism in his volume Imperialism: A Study (1902).    Hobson was the son of a Derbyshire… …   Encyclopedia of the Age of Imperialism, 1800–1914

  • List of law topics (N-R) — NOTOC Law [From Old English lagu something laid down or fixed ; legal comes from Latin legalis , from lex law , statute ( [http://www.etymonline.com/index.php?search=law searchmode=none Law] , Online Etymology Dictionary; [http://www.m… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”