equitable title

equitable title

(1) The interest held by one who has agreed to purchase property but has not yet closed. (2) The title held by a trust beneficiary, because the trustee has legal title but the law recognizes the beneficiary as having rights.See also equitable conversion.

References in periodicals archive ?
The second situation is where the claimant only ever begins with an equitable title.
The BHL lawsuit claims One Bank holds legal title to the property for the benefit of OneFinancial, which owns equitable title to the Parker Building.
Equitable title has been determined appropriate because the "paramount constitutional requirement of just compensation must be allowed to prevail over the niceties of legal title.
to provide equitable Title I Enrichment Services to the Newark Title I Private School students.
As discussed below, equitable title to trust property is a property interest and, therefore, is subject to TBE ownership.
Instead, he reasoned, the servicer sues as the owner of equitable title to the claim.
A related question to Bryan's observation is this: how should a constructive trust claim premised on a vindication of equitable title be analysed within the Torrens framework?
An equitable interest is one either "held by virtue of an equitable title or claimed on equitable grounds, such as the interest held by a trust beneficiary.
We recognize that the statutory framework of the Insurance Law grants the superintendent legal title to the assets of the insolvent insurer; however, equitable title remains with the distressed insurer for distribution to the creditors and policyholders.
But where property, being the subject-matter of the fiduciary relationship, can be identified in the hands of the recipient (5) the claim for its return 'in specie' will be governed by the principles of equitable title.
The non-licensed spouse may have an equitable title to the proceeds of the interest that is not greater than the community property interest that he or she already has.
The court found that based upon state law, the church took equitable title in 1994 when the contract was signed.