189) Notice that the government could not reconvey
the property to a religious group or it would find itself in the same bind, unable to enforce land use regulations against the owner of the property because of RLUIPA's zoning provisions.
After all, the law might quite reasonably say, instead, that an effort to transfer formal title in an asset from a principal to an agent, when that agent remains subject to the control of the principal and to a promise ultimately to reconvey
the asset and the title to the principal, does not succeed in changing the legal character of that asset as property of the principal rather than of the agent, at least for purposes of creditors' rights.
When HUD wanted to reconvey
the property, the servicer claimed it was being maintained.
When it does, the easy answer is to first withdraw the property from the trust and then reconvey
it to the intended donees.
With the exception of inventories, the Company will reconvey
to Futura all assets previously acquired from Futura, consisting primarily of intellectual property rights.
In the state where this mortgage was held, the beneficiary of the loan is allowed 60 days to reconvey
Finally, the court noted that the refusal of two of the 29 recipients to reconvey
the stock back to the corporation was not determinative.
First Nickel must complete a minimum of $1,750,000 in exploration work on the Dundonald Property by December 31, 2005, failing which it must reconvey
title to the Dundonald Property back to Falconbridge, free of encumbrances.
The Company must complete a minimum of $1,750,000 in exploration work on the Dundonald Property by December 31, 2005, failing which it must reconvey
the Dundonald Property back to Falconbridge, free of encumbrances.
1 million shares of common stock, and Mid-Power would be required to reconvey
to Davis the Clear Creek property.
The city council has approved a proposal to reconvey
the assets of the water system to the water works and sewer board of the city of Birmingham.
The Farmout Agreement provides that Smith will reconvey
all of the drillsites to Inland once Smith has recovered from production an amount equal to 100% of its expenditures, including management fees and severance and production taxes, plus an additional sum equal to 18% per annum on such expended sums.