equitable assets

equitable assets
Rights or interests, which may be either real or personal, but require the aid of the court of equity for their subjection. Agee v Saunders, 127 Tenn 680, 157 SW 64. Lands or personalty in which a debtor has an equitable estate or interest, so that they may be reached by a creditor's bill, notwithstanding the legal title is in another. 21 Am J2d Cred B § 33.

Ballentine's law dictionary. . 1998.

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