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Simple English definitions for legal terms

Statute of Accumulations

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A quick definition of Statute of Accumulations:

The Statute of Accumulations was a law that said people couldn't keep adding more and more property to a deed or will forever. After a certain amount of time, they had to stop adding to it. This law was made in 1800.

A more thorough explanation:

The Statute of Accumulations is a historical law that prohibited the accumulation of property beyond a certain period, which was settled by a deed or will. This law was enacted in 1800 under the 39 & 40 Geo. 3, ch. 98.

For example, if a person left a will that stated their property should be held in trust for their children until they reach the age of 25, the Statute of Accumulations would limit the accumulation of income from that property to 21 years. After 21 years, any income that had not been distributed would be forfeited to the Crown.

Another example would be if a person settled a trust that would accumulate income for a period of 50 years. The Statute of Accumulations would limit the accumulation of income to 21 years, and any income that had not been distributed after that time would be forfeited to the Crown.

These examples illustrate how the Statute of Accumulations was designed to prevent the hoarding of wealth and ensure that property was distributed fairly among beneficiaries. It also ensured that the Crown received its fair share of income from accumulated property.

statute mile | Statute of Allegiance de Facto

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2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
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