mortmain statute

noun

Legal Definition of mortmain statute

: a statute that prohibits corporate bodies (as charities) from holding real property in perpetuity or that otherwise limits or regulates testamentary dispositions to usually charitable corporations

called also statute of mortmain

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Dictionary Entries Near mortmain statute

mortmain

mortmain statute

most-favored-nation clause

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Cite this Entry

“Mortmain statute.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/mortmain%20statute. Accessed 1 Dec. 2021.

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