Credit Union Searches – An Ellis & Ellis Explainer
What is a Credit Union search in the context of a conveyance? Credit Unions bear many similarities to Friendly Societies which are often characterised as associations of ‘mutual aid.’ Initially formed on a voluntary basis, friendly societies’ primary purpose was to ‘…safeguard members from debts arising from illness, death, or old age.’ Over time some […]
Probate Searches in a Conveyancing Context – An Ellis & Ellis Explainer
What are probate searches? Typically, when an individual passes away within the State, a procedure is initiated to grantsomeone the legal authority to manage the deceased person’s estate. This process iscommonly known as Probate, and its name has roots in the Latin words ‘probare’ or‘probatum,’ signifying the verb ‘to prove.’ Operating under the jurisdiction of […]
What is a National Archives Search? – An Ellis & Ellis Explainer
The National Archives – A brief synopsis Born of a merging of the State Paper Office (SPO) (Founded in 1702 and holding the records of the various Lord Lieutenants of Ireland, 1542 to 1801) and the Public Record Office of Ireland (PROI) (Founded 1867) whose duties included ‘…collecting administrative, court and probate records…’, the new […]
What is an Irish Collective Asset-management Vehicle (ICAV) Register Search? – An Ellis & Ellis Explainer
What is an Irish Collective Asset-management Vehicle (ICAV) search? In order to respond to the above premised question, we must first ask ‘What is an ICAV?’ Operating under the European Commission’s regulatory framework for managing and selling mutual funds (i.e., financial products that aggregate assets from shareholders to invest in bonds, market instruments, stocks and […]
Closing Searches – An Ellis & Ellis Explainer
What are Closing Searches? Typically, when a premises goes ‘Sale Agreed’ the selling and purchasing solicitors will generate a contract which commits the buyer to the purchase of the property (right or interest) as seen, yet subject to the contract’s agreed terms and conditions. Invariably the contract to purchase will include a deliberation on the […]
Beneficial Ownership Searches – An Ellis & Ellis Explainer
What is a Beneficial Ownership search? Ever since European Anti-Money Laundering legislation was transposed into Irish law from 2015onwards, it has become a requirement for companies, industrial and provident societies, andCertain Financial Vehicles (CFVs) to (a) maintain an internal register of their beneficial ownersand (b) to file this information with a central register. In Article […]
What is a Valuation Office Search? – An Ellis & Ellis Explainer
Extending from the Townland Valuation Act (1826) and the Irish Poor Law Act (1838), attempts to create valuation of land evolved over time in Ireland into the Tenement Valuation Acts of 1846 and 1852.
Registry of Friendly Societies Searches – An Ellis & Ellis Explainer
Friendly Societies have been described as ‘mutual aid’ associations. At their outset, they were organised on a voluntary basis to ‘…protect members against debts incurred through illness, death, or old age’.
What is a Land Commission Search? – An Ellis & Ellis Explainer
The Irish Land Commission (ILC) was founded in 1881 and its primary role was to oversee the dissolution of large land estates and enable tenants to purchase the subdivided holdings.
What is a Proceedings Search? – An Ellis & Ellis Explainer
The intention of a Proceeding search is to flag whether there any High Court actions (or referred actions from lesser courts) initiated that could potentially affect the ownership of a property, or impact on the boundaries/ right/ interests of a sale property.