mortmain

mortmain (mort-mayn). [French “deadhand”] The condition of lands or tenements held in perpetuity by an ecclesiastical or other corporation. • Land alienated in mortmain is not inalienable, but it will never escheat or pass by inheritance (and thus no inheritance taxes will ever be paid) because a corporation does not die. See AMORTIZE(3); DEADHAND CONTROL. [Cases: Corporations 435; Religious Societies 15. C.J.S. Corporations § 647; Religious Societies §§ 53–54.]

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词条贡献者

译者Anne，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与投资顾问法联邦及地方注册相关的法律文件。