equitable interest


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See: claim, right

equitable interest

an interest in property that can be asserted against everyone except a bona fide purchaser of the legal estate or interest for value without notice.
References in periodicals archive ?
Next Gen plans to provide financing for Medical Marijuana and Industrial Hemp related companies who require capital in exchange for an equitable interest in their business and/or a royalty on sales
01(23) defines "owner" as "a person who is the owner of any legal or equitable interest in real property, which interest can be sold by legal process, and who enters into a contract for the improvement of the real property.
They did not acquire any equity in the property, because when A declared bankruptcy, the phones were not returned by the bankruptcy trustee to Ys as property in which they had an equitable interest.
Miss Kidd said Peers had no legal title for the first house, and no legal or equitable interest in the second, and neither were paid for by him.
It will obviously involve some payment to buy back their share of the equitable interest in the property, the value of which will depend on the present value of the property and any mortgages or other loans secured on it.
It will involve some payment to buy back their share of the equitable interest in the property, the value of which will depend on the present value of the property and any mortgages or other loans secured on it.
Thus they found these contributions did not create any equitable interest in the land.
Although the case law in this area is limited, Standard & Poor's believes that participations can be structured and documented such that the transfer can be viewed as a sale of an equitable interest in the underlying loans.
Violet asserted that she had an equitable interest in the property.
Financial is a development stage company, and is to be a business development company and is to carry on the old business of Tensleep Corporation, which will no longer have an equitable interest in Financial.
The Unity of Title: The Property Interest of Equitable Title--Some practitioners assert that the division of the TBE property into a legal interest (held by the trustee) and an equitable interest (held by the husband and wife) terminates the tenancy.
McCaig acquired beneficial ownership of, and control and direction over, 1,107,448 of the Class A Shares acquired by TILP representing his pro rata equitable interest in TILP.