· 11/6/1992
Air Power, Inc. v. Thompson
Citations
- 422 S.E.2d 768
- 244 Va. 534
- 9 Va. Law Rep. 533
- 1992 Va. LEXIS 114
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- observing that Virginia creditor deeds of trust vest legal title in the trustee while the beneficiary retains equitable title
- finding that a creditor need not join land trust beneficiaries in an action to enforce its mechanic’s lien against land trust realty
- holding a land beneficiary of a trust with real properly as the res is not a necessary party because the land beneficiary’s interest is in personalty
- noting that beneficiary’s interest is in the personalty of the property
- trustee in land trust holds both legal and equitable title
Source: CourtListener parenthetical corpus (CC0).
Judges: Lacy
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.