The Revised Reports (Volume 50); 1785-1866 (Paperback)

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: appointment vested in the insolvent were consequently entitled to the whole beneficial interest in the property. Mr. S. Sharpe, for the executor of Dr. Rippon, contended that the deed affected that part of the stock only which was in existence at the time of its execution; and that the books printed after the date of the deed and in the lifetime of Dr. Eippon, were part of his personal estate. Mr. Tinncy, in reply. The Master Of The Rolls held that the effect of the deed was to declare a trust of a species of business, in which part of the property might be absolutely disposed of and new stock created in substitution; and that the books published after the date of the deed in the lifetime of Dr. Rippon, were therefore subject to the trusts of the deed. His Lordship also held that the plaintiffs, the three children, were entitled to three fourths, and the assignees to one fourth, of the profits which might accrue during John Rippon's life. Rippon V. Nortox. COTTON v. COTTON. (2 Beav. 67?70; 8 L. J. (N. S.) Ch. 349; 3 Jur. 886.) A bequest was made to A. or his legal representatives. A. was dead at the date of the testator's will, having bequeathed his property on particular trusts: Held, that A.'s next of kin, according to the Statute of Distributions, were entitled to the fund. Joseph Cotton, by his will dated in 1827, bequeathed his personal estate unto his wife, his two brothers and a Mr. Davis, upon trust to invest the same, and pay the dividends of one moiety to his wife for life or during widowhood, and subject thereto, to stand possessed of such moiety, and also the remaining moiety, upon trust for his children. The testator died in 1828, leaving his widow and nine children surviving him; and his will was proved by his widow and his two br...