Life Interest in

To appear at insurance office.

PURCHASES. enable him and them to receive the same, as he or they, or his or their counsel in the law (being Bank Annuities. of the degree of a barrister) shall reasonably advise and require. AND moreover, that the said (vendor) shall and will at any time or times hereafter, at the request of the said (purchaser) his executors, administrators, or assigns, appear in person at any office or place of insurance within the cities of London or Westminster, or if thereunto required by him or them, or any such office or offices as aforesaid, send or cause and procure to be sent to him and them notice in writing of his place of abode, and also satisfactory certificates or other vouchers or documents of his being alive, and of the state and condition of his health, in order that the said (purchaser) his executors, administrators, or assigns, may insure any sum or sums of money which he or they may think fit upon the life of him the said (vendor), and in case of any such assurance being made he the said (vendor) shall not nor will do or cause to be done any act or thing whatsoever, whereby the same shall or may be impeached or rendered void or voidable. IN WITNESS, &c.

Attested copy.

An attested copy of this assignment should be delivered to the trustees for the purpose of furnishing them with notice of the change of interest.

No. CII.

An Assignment of a Reversionary Interest in Bank
Annuities to a Purchaser.

Variations where the Interest assigned is a Moiety or
other undivided Part only.

PURCHASES.

Reversionary Interest in Bank Annuities.

(1) A husband may dispose of such property as the wife has in expectancy as against every one but the wife surviving, White v. St. Barbe, 1 Ves. and Bea. 405.

But the court has no jurisdiction to take the consent of a feme covert to part with her contingent interest to accrue to her surviving husband, Richards v. Chambers, 10 Ves. jun. 580; but see Woollands v. Crowcher, 2 ib. 174.

Recital of the

will under

which the

vendor claims.

(2) If the interest of the vendor arose under a marriage set- Marriage settletlement, recite as ante, No. LXXXVI. p. 356.

VOL. III.

I I

ment.

PURCHASES. (trustees) of, &c.

Reversionary Interest in Bank Annuities.

and to the survivor three per cent.

of them the sum of £
consolidated bank annuities, upon trust, to pay
and apply the interest, dividends, and yearly
proceeds thereof, and of such other funds and se-
curities to or upon which the same might at any
time, and for the time being, be transferred or
invested, unto
his wife, and her assigns,
during the term of her natural life, for her and
their own proper use and benefit, and from and
after the decease of his said wife, then in trust,
that they the said (trustees), and the survivor of
them, or the executors, administrators, or assigns,
of such survivor, should, and he and they were
thereby directed as soon as conveniently might be
thereafter to sell out and dispose of the said sum
of £
per cent. consolidated bank an-
nuities, or other the funds and securities upon
which the same might be then invested, and pay,
apply, and dispose of the produce thereof, or the
money to arise therefrom, and the interest, di-
vidends, and proceeds thereof in the mean time,
or at the discretion of them the said trustees or
trustee for the time being, assign and transfer
the said annuities, funds, and securities, unto the
said (vendor), his executors, administrators, and
assigns, for his and their own proper and absolute
use, benefit, and disposal, or unto and for such
other person or persons, and in such manner and
form as he the said (vendor), his executors, ad-
ministrators, or assigns, should by writing under
his or their hand or respective hands, direct or

appoint. AND WHEREAS the said (testator) de- PURCHASES. parted this life on or about the

day of

without revoking or altering his said will, leaving his said wife him surviving, and who is

Reversionary Interest in Bank Annuities.

testator.

AND Agreement for purchase.

still living, and the said will was soon after the Death of decease of the said testator duly proved in the prerogative court of the Archbishop of Canterbury, by his executors therein named. WHEREAS the said (purchaser) has contracted with the said (vendor) for the purchase of his said reversionary interest in the annuities so bequeathed to him, expectant upon the decease of the said as aforesaid, and the funds and securities thereof, at the sum of £ NOW THIS INDENTURE WITNESSETH, that for and WITNESS, in in consideration (1) of the sum of £

consideration

of law of the purchase

ful money of the United Kingdom of Great Britain

and Ireland of English value and currency, to
the said (vendor) in hand, at or before the sealing
and delivery of these presents, well and truly paid
as and for the absolute purchase of the rever-
sionary estate, and interest, of and in the said
£
per cent. consolidated bank annuities,
so bequeathed to the said (vendor), expectant upon
as aforesaid, and

the decease of the said

money.

(1) A man may assign choses in action in his own right, without consideration, Carteret v. Pascal, 3 P. Wms. 199, 4 Bro. P.C.168; but otherwise if in right of his wife, Bennet v. Kinaston, 2 Vern. 401.

Reversionary Interest in Bank Annuities.

PURCHASES. the funds, and securities of or for the same, the receipt whereof, as and for such purchase as aforesaid, the said (vendor) doth hereby acknowledge, [and of and from the same and every part thereof doth acquit, release, and for ever discharge the said (purchaser) his executors, administrators, and assigns, and also the said assigned property and premises, by these presents, He the said (vendor) HATH granted, bargained, sold, assigned, transferred, and set over, and by these presents DOTH grant, bargain, sell, assign, transfer, set over, and confirm unto the said (purchaser), The funds and his executors, administrators, and assigns, ALL that (1) the said sum of £

The vendor assigns, &e.

securities,

three

per cent. consolidated bank annuities, to which the said (vendor), his executors or administrators, now is, or shall or may, or if these presents had not been made, would or might have become entitled to receive or interested in, upon the

Moiety, &c.

(1) If the vendor be entitled to a share or part only of the trust funds, say,

"ALL that the part, share, and proportion vested, contingent, reversionary, original, accrued, or otherwise of him the said (vendor) of and in ALL that the said sum of £ per cent. bank annuities, so given and bequeathed by the said hereinbefore in part recited will of the said (testator), deceased, unto or in trust for such of his children as should be living at the time of the decease of his wife (or as the case may be), and of and in the funds and securities," &c.