Devastavit

Devastavit in United States

Devastavit Definition

A mismanagement and waste by an executor, administrator, or other trustee, of the estate and effects trusted to him as such, by which a loss occurs. Devastavit may be:
(1) By direct abuse, as when the executor, administrator, or trustee sells, embezzles, or converts to his own use the goods intrusted to him (Comyn, Dig. “Administration” [I 1]), releases a claim due to the estate (8 Bac Abr. 700; Hob. 266; Cro. Eliz. 43; 7 Johns. [N. Y.] 404; 9 Mass. 852), or surrenders a lease below its value
(2 Johns. Cas. [N. Y.] 376; S P. Wms. 330).
(2) By maladministration, as by the payment of claims which were not due nor owing, or by paying others out of the order in which they ought to be paid, or by the payment of legacies before all the debts are satisfied. 4 Serg. & R. (Pa.) 394; 5 Rawle (Pa.) 266.
(3) By neglect, as by neglect to sell the goods at a fair price within a reasonable time, or, if they are perishable goods, before they are wasted; or a neglect to collect a doubtful debt which, by proper exertion, might have been collected. Bac. Abr. “Executors” (L).

Devastavit in Foreign Legal Encyclopedias

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Devastavit Devastavit in the World Legal Encyclopedia.
Devastavit Devastavit in the European Legal Encyclopedia.
Devastavit Devastavit in the Asian Legal Encyclopedia.
Devastavit Devastavit in the UK Legal Encyclopedia.
Devastavit Devastavit in the Australian Legal Encyclopedia.

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Browse the American Encyclopedia of Law for Devastavit

Scan Devastavit in the appropriate area of law:

Link Description
Devastavit Devastavit in the Family Law Portal of the American Encyclopedia of Law.
Devastavit Devastavit in the IP Portal of the American Encyclopedia of Law.
Devastavit Devastavit in the Commercial Law Portal of the American Encyclopedia of Law.
Devastavit Devastavit in the Criminal Law Portal of the American Encyclopedia of Law.
Devastavit Devastavit in the Antritrust Portal of the American Encyclopedia of Law.
Devastavit Devastavit in the Bankruptcy Law Portal of the American Encyclopedia of Law.
Devastavit Devastavit in the Constitutional Law Portal of the American Encyclopedia of Law.
Devastavit Devastavit in the Tax Law Portal of the American Encyclopedia of Law.
Devastavit Devastavit in the and Finance and Banking Portal of the American Encyclopedia of Law.
Devastavit Devastavit in the Employment and Labor Portal of the American Encyclopedia of Law.
Devastavit Devastavit in the Personal Injury and Tort Portal of the American Encyclopedia of Law.
Devastavit Devastavit in the Environmental Law Portal of the American Encyclopedia of Law.

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Legal Issue for Attorneys

A mismanagement and waste by an executor, administrator, or other trustee, of the estate and effects trusted to him as such, by which a loss occurs. Devastavit may be:
(1) By direct abuse, as when the executor, administrator, or trustee sells, embezzles, or converts to his own use the goods intrusted to him (Comyn, Dig. “Administration” [I 1]), releases a claim due to the estate (8 Bac Abr. 700; Hob. 266; Cro. Eliz. 43; 7 Johns. [N. Y.] 404; 9 Mass. 852), or surrenders a lease below its value
(2 Johns. Cas. [N. Y.] 376; S P. Wms. 330).
(2) By maladministration, as by the payment of claims which were not due nor owing, or by paying others out of the order in which they ought to be paid, or by the payment of legacies before all the debts are satisfied. 4 Serg. & R. (Pa.) 394; 5 Rawle (Pa.) 266.
(3) By neglect, as by neglect to sell the goods at a fair price within a reasonable time, or, if they are perishable goods, before they are wasted; or a neglect to collect a doubtful debt which, by proper exertion, might have been collected. Bac. Abr. “Executors” (L).

Notice

This definition of Devastavit Is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.


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