mortmain statute

Definition of "mortmain statute"
  1. A law that restricts usually charitable corporations or corporate bodies from owning real estate indefinitely or sets boundaries on bequests left to such corporations
How to use "mortmain statute" in a sentence
  1. The legislature enacted the mortmain statute to prevent an imbalance in land ownership.
  2. Under the mortmain statute, the charity was unable to keep the donated land forever.
  3. Her will bequeathed property to a charity, but the mortmain statute limited how the charity could hold this property.

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