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 […]
Section 442.557 – General power of appointment exercisable at death of donee, perpetuities period to run from death of donee.
Effective – 28 Aug 1993 442.557. General power of appointment exercisable at death of donee, perpetuities period to run from death of donee. — In determining the validity of limitations appointed in the exercise of a general power of appointment exercisable only at the death of the donee of the power by will or other […]
Section 442.558 – Transfer fee covenants not to run with title to real property — lien void, when.
Effective – 28 Aug 2008 442.558. Transfer fee covenants not to run with title to real property — lien void, when. — 1. As used in this section, the following terms shall mean: (1) “Transfer”, the sale, gift, conveyance, assignment, inheritance, or other transfer of ownership interest in real property located in this state; (2) […]
Section 442.490 – Remainder limited to heirs of a person having a life estate — how disposed of.
Effective – 28 Aug 1939 442.490. Remainder limited to heirs of a person having a life estate — how disposed of. — Where a remainder shall be limited to the heirs, or heirs of the body, of a person to whom a life estate in the same premises shall be given, the persons who, on […]
Section 442.500 – Lineal and collateral warranties abolished.
Effective – 28 Aug 1939 442.500. Lineal and collateral warranties abolished. — Lineal and collateral warranties, with all their incidents, are abolished; but the heirs and devisees of every person who shall have made any covenant or agreement shall be answerable, upon such covenant or agreement, to the extent of the lands descended or devised […]
Section 442.510 – An estate limited in remainder to the son or daughter of any person to be begotten, how disposed of.
Effective – 28 Aug 1939 442.510. An estate limited in remainder to the son or daughter of any person to be begotten, how disposed of. — When an estate has been or shall be, by any conveyance, limited in remainder to the son or daughter, or to the use of the son or daughter of […]
Section 442.520 – A future estate, on the death of any person without heirs, how defeated.
Effective – 28 Aug 1939 442.520. A future estate, on the death of any person without heirs, how defeated. — A future estate, depending on the contingency of the death of any person without heirs or issue, or children, shall be defeated by the birth of a posthumous child of such person, capable of taking […]