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 442.560 – Aliens and corporations of foreign countries may acquire, hold and alienate real estate — exception.
Effective – 28 Aug 1995 442.560. Aliens and corporations of foreign countries may acquire, hold and alienate real estate — exception. — Except as provided in sections 442.560 to 442.591, persons not citizens of the United States and not residents of the United States or of some territory, trusteeship, or protectorate of the United States, […]
Section 442.440 – Conveyances to counties for their use — effect.
Effective – 28 Aug 1939 442.440. Conveyances to counties for their use — effect. — All deeds, grants and conveyances made, acknowledged and recorded as other deeds conveying lands, tenements or hereditaments to any county, or the inhabitants of any county, and their successors, or to the governor, or any person, by whatever form of […]
Section 442.450 – Conveyance to more than one — effect.
Effective – 28 Aug 1939 442.450. Conveyance to more than one — effect. — Every interest in real estate granted or devised to two or more persons, other than executors and trustees and husband and wife, shall be a tenancy in common, unless expressly declared, in such grant or devise, to be in joint tenancy. […]
Section 442.460 – The term “heirs” not necessary to convey a fee simple estate.
Effective – 28 Aug 1939 442.460. The term “heirs” not necessary to convey a fee simple estate. — The term “heirs”, or other words of inheritance, shall not be necessary to create or convey an estate in fee simple, and every conveyance of real estate shall pass all the estate of the grantor therein, unless […]
Section 442.470 – Entails not allowed — the remainder in fee simple — to whom it shall pass.
Effective – 28 Aug 1939 442.470. Entails not allowed — the remainder in fee simple — to whom it shall pass. — In cases where, by the common or statute law of England, any person might become seized in fee tail of any lands, by virtue of any devise, gift, grant or other conveyance, or […]