The importance of the rule lies in the different destination of realty and personaltyunder the laws relating to inheritance and succession.
The common settlements and wills, however, deal wholly or mainly with personal property; and an interest in settled personalty is frequently the subject of a mortgage.
His personalty was swallowed up in paying his debts, and the Welland estate was so heavily charged with annuities to his distant relatives that only a mere pittance was left for her.
Even then unless the testator exonerates his personalty from payment of the legacies the personalty will be the first fund chargeable.
Execution against personalty (saisie-execution) is preceded by a commandement or summons, personally served upon, or left at the domicile of the debtor calling on him to pay.
Administration of his personaltyand effects was granted, on 22nd Nov.
That would throw the whole property into Chancery; the personalty would go to the mother and daughter, the real estate to whatever legal heirs could be discovered.
The personalty is immense; there are about thirty thousand acres of land, here and elsewhere; and the collections can't be worth much less than half a million.
As to the personaltyand the land--well, well, you'll see!
If thepersonalty is exhausted in satisfying the creditors the legatees are left without a fund from which to be paid.
So again if one legacy is charged upon the real estate and another is not, then if the former be paid out of the personalty the latter will stand in its place and be paid from the real estate.
Dower and curtesy abolished; The widow of an intestate who neither husband nor leaves issue has one-third of the wife may will away more than realty for life and one-third of half of his or her property the personalty absolutely.
Principal among them were the bishops of Gerona, whose dominions and wealth in personalty were greatly increased in this period.
The holy pontiff, according to his own account, received only a small portion of the personalty of the order, but others make him a large participator in the good things of the fraternity.
The property she possessed, the personalty it represented, belonged to herself alone.
Sidenote: State Personalty is at the mercy of the victor.
The holy pontiff, according to his own account, received only a small portion of the personalty of the order,[435] but others make him a large participator in the good things of the fraternity.
His mansion, realty and personalty includes what they have jointly earned as well as that of which he was possessed at marriage.
Stamps or conveyances, or burdening of property, should be the same, and not higher, on personalty or landed estates.
The assessment of the realty was made in 1853; that of the personalty is made in March of each year.
That is, the Northern land and buildings are counted nearly thrice as valuable, and personalty about a half more valuable, though everybody knows that there is a vast deal of untaxed personalty in the North.
But Henry II had found it necessary to tax personalty as well, both clerical and lay, and so by slow steps his successors in the thirteenth century were driven to admit payers of taxes on personalty to the great council.
President of the Local Government Board intimated thatpersonalty must be made to contribute more to local taxation, and that "socially created" values might be dealt with by special legislation.
The above list will hopefully give you a few useful examples demonstrating the appropriate usage of "personalty" in a variety of sentences. We hope that you will now be able to make sentences using this word.
