Page images
PDF
EPUB
[merged small][merged small][merged small][merged small][merged small][ocr errors][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small]

ly con. e land

ed of

stees,

e of a

Oasi

the

hall

ed

e

ence

..d their inconve...

to

Trustees inca citated; as ts, &c.

duction of trusts, the Cou
considered the trustee as having the
ownership, so far only as to be beneficial
cestuique trust, and without being subject to
ány disadvantage, which may arise from the
trustee personally, in consequence of his sei-
sin of the legal estate.

The legal estate vested in the trustee, is in equity, protected against his judgments, and other incumbrances, and against his bankruptcyd; and from the dower and freebench of his wife; and from the tenancy by curtesy of the husband of a female trustee f.

In Geary v. Bearcrofts, it is said, that if "a "man conveys lands in trust, and the trustee

d
See 1 P. W. 278. 1
Bro, 278. 2 P. W. 318. 3
P. W. 187. note A.

See Hinton v. Hinton,
2 Ves. 634, 638. Noel v.
Jevon, 2 Freem, 43.

Be

vant v. Pope, 2 Freem. 71,
Casborne v. Inglis, 7

Vin. Ab. 157.

8 Carter, 67. But see Lane, 39. 54.

vancos

SECT. IX.

his estate and

office.

trust, if properly created, will fasten upon, Of the trustee, and attach to the land, intended to be made subject to it. The king, or a corporate body, may be a trustee; and where an estate was devised to the separate use of a feme covert, without the intervention of trustees, it was determined, that the husband should be a trustee for his wife. So in a case, where a devise to a corporation (in trust) was void by the late statute of mortmain, the court decreed, that the heir at law of the devisor should be a trustee for the purposes of his will.

Of incum

But although the courts now generally consider the trust as attaching upon the land itself, so as to convert all persons, seised of, or acquiring the legal interest, into trustees, yet this rule has an exception in the case of a conveyance by a trustee for a valuable consideration to one, who has no notice of the trust. In this instance the purchaser shall not be affected by the trust.

(2.) The rule will be further exemplified brances of, and by considering, how the estate of the trustee is affected by his own acts or incumbrances.

forfeitures by,

the trustee at law.

* Moggridge v. Thack

well, 3 Bro. 517.

y Kildare v. Eustace, 1 Vern. 439. 1 Ves. 453.

3 Atk. 309.

• Bennett v. Davies, 2 P. W. 316. 2 Ves. 665. b Sonley v. Clock-makers' Company, 1 Bro. 81. Snagg's case, cited 2

21 Ves. 467, 468. 536. 2, Freem. 43. pl. 47. 1 P.

Vern. 412.

W. 273, 279.

Before the statute of uses, the estate of the SECT. IX. feoffee was subject to all the incidents, to of the trustee, which a real ownership was liable; owing to office.

this
very notion, that the use was annexed to
the estate of the person seised of the legal
interest, and not to the land itself; and there-
fore if privity of estate failed in the person,
acquiring the legal seisin, there was an end of
the use. Hence arose just complaints against
uses, and their inconveniences. After the in-
troduction of trusts, the Court of Chancery
considered the trustee as having the legal
ownership, so far only as to be beneficial to
cestuique trust, and without being subject to
any disadvantage, which may arise from the
trustee personally, in consequence of his sei-
sin of the legal estate.

The legal estate vested in the trustee, is in equity, protected against his judgments, and other incumbrances, and against his bankruptcyd; and from the dower and freebench of his wife; and from the tenancy by curtesy of the husband of a female trustee f.

In Geary v. Bearcroft, it is said, that if" a man conveys lands in trust, and the trustee

d See 1 P. W. 278. 1 Bro, 278. 2 P. W. 318. 3 P. W. 187. note A.

с

See Hinton v. Hinton, 2 Ves. 634, 638. Noel v. Jevon, 2 Freem, 43.

Be

vant v. Pope, 2 Freem. 71.

Casborne v. Inglis, 7

Vin. Ab. 157.

8 Carter, 67. But see Lane, 39. 54.

his estate and

(230.)

SECT. IX.

Of the trustee, his estate and office.

commits felony, these lands shall be forfeited, though he may have relief in equity." It is the same, I apprehend, if the trustee commit treason; for as the cestuique trust forfeits his estate for treason, it is not consonant to justice, that the trustee should forfeit it for the same offence. In the case of Pawlett v. the Attorney-general", baron Atkyns strongly supported this opinion, upon the ground, that the king is the fountain and head of justice and equity; and that it shall not be presumed, that he will be defective in either and that it would derogate from the king's honour to imagine, that what is equity against a common person, should not be equity against him. Since, however, the late statute, it is not probable, that a question

[merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][ocr errors][merged small][merged small]

will arise, in the case of the king, either upon

the felony, or treason of a trustee. The case of a subject, claiming as lord by escheat, is more doubtful. In the case of Eales v. England, the Master of the Rolls said, "If the "trustee die without heir, the lord, by escheat, "will have the land at law; yet subject to the "trust here." The point, I believe, has not been directly determined',

[blocks in formation]

pacitated; as

Conveyancom

by them.

(3.) The legislature has, in several in- Trustees inca stances, enabled trustees incapacitated, or re- infants, &c. strained from conveying, to execute conveyances of the legal estate, vested in them as trustees. By the statute of 7 Anne, c. 19., infants having estates in lands by way of trust or mortgage, are enabled under the direction of the Court of Chancery to convey the lands, of which they are trustees",

"discovery of any such es"cheat, as to his majesty, "his heirs or successors "respectively, shall seem "fit; any thing in the "said acts, or any of them, "to the contrary notwith"standing." See 47 Geo. 3. sess. 2. c. 24.

* Prec. Cha, 200, 1 Eq. Ab. 384. in note.

See the arguments in Burgess v. Wheate.

Whereas many incon veniences do and may arise, by reason that persons under the age of one-andtwenty years, having es

tates in lands, tenements,
or hereditaments, only in
trust for others, or by
way of mortgage, cannot
(though by the direction of
the cestuique trust or mort
gagor) convey any sure
estate in any such lands, te-
nements, or hereditaments,
to any other person or per-
sons for remedy thereof
be it enacted by the queen's
most excellent majesty, by
and with the advice and
consent of the lords spiri-
tual and temporal, and
commons, in this present
parliament assembled, and

« PreviousContinue »