![]() ![]() ![]() That's the definition of CONVEYANCE in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. A conveyance without valuable consideration such as a deed or settlement in favor of a wife or children. Otherwise termed "derivative conveyances" (q. The name given to that class of conveyances which presuppose some other conveyance precedent, and only serve to enlarge, confirm, alter, restrain, restore, or transfer the interest granted by such original conveyance. The term includes feoffment, gift, grant, lease, exchange, and partition, and is opposed to derivative conveyances, such as release, surrender, confirmation, etc. Those by means where of the benefit or estate is created or first arises as distinguished from those whereby it may be enlarged, restrained, transferred, or extinguished. An intermediate conveyance one occupying an intermediate position in a chain of title between the first grantee and the present holder. If there is equity in the property, Rural Development should advise the borrower, in writing, that there is equity in the property before accepting an offer to voluntarily convey. Rural Development will not make a demand on a borrower to voluntarily convey. Or changed as an ordinary deed of lands, in contradistinction to a mortgage, which is a conditional conveyance. Voluntary conveyance is a method of liquidation by which title to security is transferred to the Government. An absolute conveyance is one by which the right or property in a thing is transferred, free of any condition or qualification, by which it might be defeated 1032, 1033.Ībsolute or conditional conveyance. 293, 295, 309.Ĭonveyance includes every instrument in writing by which any estate or interest in real estate is created, aliened, mortgaged, or assigned, or by which the title to any real estate may be affected in law or equity, except last wills and testaments, leases for a term not exceeding three years, and executory contracts for the sale or purchase of lands. Section 27(1) of the Ordinance states that stamp duty is payable on any conveyance of immovable property operating as a voluntary disposition inter vivos. An instrument in writing under seal, (anciently termed an "assurance,") by which some estate or interest in lands is transferred from one person to another such as a deed, mortgage, etc. The transfer of the title of land from one person or class of persons to another. Voluntary conveyance can be used to avoid default, for charitable purposes, fraudulent purposes, and conveyance to descendants. It comes in three types public grants, private grants, and public dedication. In the popular sense, and as generally used by lawyers, it denotes any transfer of title, legal or equitable. Voluntary conveyance is said to be the intentional transfer of a title to a property from one individual to another through a deed. In the strict legal sense, a transfer of legal title to land. What is CONVEYANCE? Definition of CONVEYANCE in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. ![]()
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