The Statute of Uses (1535) is a statute passed by Henry VIII which converted all Englishequitable estates that were created through "use" into legal estates. Thus, a grant of property to A under common law with the equitable title going to B would result in A losing title and B possessing the full title to the land. Events January 18 - Lima, Peru founded by Francisco Pizarro June 24 - The Anabaptist state of Münster (see Münster Rebellion) is conquered and disbanded. ... A statute is a formal, written law of a country or state, written and enacted by its legislative authority, perhaps to then be ratified by the highest executive in the government, and finally published. ... Henry VIII King of England and Ireland by Hans Holbein the Younger His Grace King Henry VIII (28 June 1491–28 January 1547) was King of England and Lord of Ireland (later King of Ireland) from 22 April 1509 until his death. ... Royal motto: Dieu et mon droit (French: God and my right) Englands location within the UK Official language English de facto Capital London de facto Largest city London Area - Total Ranked 1st UK 130,395 km² Population - Total (2001) - Density Ranked 1st UK 49,138,831 377/km² Religion... For other uses, see Equity (disambiguation). ... Grant can refer to several things: Clan Grant — a Scottish clan. ... This article concerns the common-law legal system, as contrasted with the civil law legal system; for other meanings of the term, within the field of law, see common law (disambiguation). ...
The purpose of the rule was to eliminate loopholes in property law that allowed possessors of land to avoid paying taxes on their property by holding it in equity.
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