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Devastavit

A Dictionary of Law · William C. Anderson · 1889

A Dictionary of Law

^ L. He has wasted.;he technical name for waste by an execuor or an administrator; occasionally, exravagance or misapplication of assets by ay trustee.' A wasting of assets; any act or omission, iuy mismanagement, by which the estate uflei-s loss.* A waste of the estate; as, payment by an executor if his private debt with assets, the payment not being Qtended to replace money advanced on account of lebts of the testator.' One who has reasonable ground to believe that a rustee is going to misapply assets can take no advanage of his own act of connivance.' The assets or their proceeds, as far as they may be raced into the hands of persons affected with notice pf the misapplication, may be followed and recovired.' See Bona, De bonis propriis.