What is ESTATE BY STATUTE MERCHANT?

All estate whereby the creditor, under the custom of London, retained the possession ofall his debtor’s lands until his debts were paid. 1 Greenl. Cruise, Dig. 515. See STATUTEMERCHANT.

More On This Topic
  1. Marijuana: Recreational, Grow, & Medical Laws By State 2020
  2. How To Avoid Probate
  3. Filing Form 1041 For Estate Tax
  4. What happens if I get a raise at work during a bankruptcy?
  5. Who Is Responsible For Paying Medical Bills After Death?
  6. How to Obtain a Tax ID Number for an Estate?
  7. How To Probate A Will
  8. How Long Do You Have To File A Police Report?
  9. How long do I have to live in my house after filing bankruptcy?
  10. Squatter’s Rights & Adverse Possession: What You Need To Know

Related Legal Terms
FREEHOLD ESTATE, ESTATE FOR YEARS, ESTATE IN DOWER, NET ESTATE, ESTATE IN SEVERALTY, ESTATE AT WILL, MERCHANT APPRAISERS, ESTATE IN REVERSION, ESTATE IN FEE-SIMPLE, BENEFICIAL ESTATE


Link to This Definition
Did you find this definition of ESTATE BY STATUTE MERCHANT helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary