Statute of Uses

Statute of Uses

A statute passed in England during the reign of King Henry VIII and expressly or by implication adopted by all American states. Formerly, one could not create an estate in land that would begin in the future.After the statute,such estates were granted legal recognition.One often sees frequent references to the Statute of Uses although it is seldom a point of contention between parties. However, as recently as 2003 the issue was raised in a California case in the context of determining rights of various parties in a trust.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.