US Lawyer Database

Section 442.591 – Exceptions.

Effective – 28 Aug 1979 442.591. Exceptions. — The restrictions set forth in sections 442.560 to 442.592 shall not apply to agricultural land or any interest therein acquired by an alien or foreign business for immediate or potential use in nonfarming purposes. An alien or foreign business may hold such agricultural land in such acreage […]

Section 442.581 – Lease deemed to be ownership, when.

Effective – 28 Aug 1978 442.581. Lease deemed to be ownership, when. — Any person who obtains a lease on agricultural land for a term of ten years or longer or a lease renewable at his option for terms which might total ten years has acquired agricultural land within the meaning of sections 442.560 to […]

Section 442.530 – Value of life estates — how computed.

Effective – 28 Aug 1939 442.530. Value of life estates — how computed. — When a party as tenant for life, or by the curtesy, or in dower, is entitled to the annual interest on a sum of money, or is entitled to the use of any estate, or part thereof, and is willing to […]

Section 442.540 – Rule of calculation.

Effective – 28 Aug 1939 442.540. Rule of calculation. — Calculate the interest at six percent upon the sum to the income of which, or upon the value of the property to the use of which, the person is entitled; multiply this interest by the present value of an annuity of one dollar, as set […]

Section 442.550 – Examples.

Effective – 28 Aug 1939 442.550. Examples. — Suppose a person whose age is forty-two is tenant for life in the whole of an estate worth ten thousand five hundred dollars; the annual interest on that sum at six percent is six hundred and thirty dollars. The present value of an annuity of one dollar […]

Section 442.555 – Rule against perpetuities, application of modified.

Effective – 02 Jan 1979 442.555. Rule against perpetuities, application of modified. — 1. When any limitation or provision violates the rule against perpetuities or a rule or policy corollary thereto and the instrument containing the limitation or provision also contains other limitations or provisions which do not in themselves violate the rule against perpetuities […]