mortmain statutes

mortmain statutes
Statutes having the purpose of preventing an uneconomic accumulation of property in control of corporations, either lay or ecclesiastical. Perin v Carey (US) 24 How 465, 16 L Ed 701, 708. The British statutes, 15 Rich. II, ch. 5 (in Am J2d Desk Book Document 107) and 9 George Il, ch. 36. The purpose of the British mortmain act, 9 George 2, chap. 36, was to prevent property from falling into "dead" or unserviceable hands, such as a charitable use was deemed to be. Yates v Yates (NY) 9 Barb 324, 333.

Ballentine's law dictionary. . 1998.

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