COAL NOTICE

coal notice.In Pennsylvania, a notice that must be included in deeds and other instruments relating to the sale of surface property (excepting mortgages or quitclaim deeds) detailing any severance of the ownership of coal under the land. [Blacks Law 8th]

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POSSIBILITY

possibility. 1. An event that may or may not happen. 2. A contingent interest in real or personal property. bare possibility. See naked possibility. naked possibility. A mere chance or expectation that a person will acquire future property. • A conveyance of a naked possibility is usu. void for lack of subject matter, as in…

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POSSIBILITAS

possibilitas (pos-<<schwa>>-bil-<<schwa>>-tas). [Latin] Possibility; a possibility. [Blacks Law 8th]

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POSSESSORY INTEREST

possessory interest. 1. The present right to control property, including the right to exclude others, by a person who is not necessarily the owner. [Cases: Property 10. C.J.S. Property §§ 27–31, 33.] 2. A present or future right to the exclusive use and possession of property. “We shall use the term ‘possessory interest’ to include…

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CO-ADMINISTRATOR

co-administrator.Wills & estates. A person appointed to jointly administer an estate with one or more other administrators. [Blacks Law 8th]

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