If the Interest of a Life Tenant Is Overreached, How

question 18

Short Answer

If the interest of a life tenant is overreached, how is their life interest 'compensated' out of the proceeds of sale?

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Definitions:

Corporation

A corporation is a legal entity that is separate and distinct from its owners, providing limited liability to its shareholders, and possessing the ability to own property, enter contracts, and sue or be sued.

Shareholders

Individuals or entities that own one or more shares of stock in a public or private corporation.

Derivative-Action Provisions

Legal guidelines that allow a minority shareholder to sue or take legal action on behalf of a corporation, typically to redress harm done to the company.

Relief-From-Oppression

Legal measures aimed at protecting individuals or groups from unfair or abusive treatment.