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Blended Fund

The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

The Cyclopedic Law Dictionary

In England, where a testator directs his real and personal estate to be sold, and disposes of the proceeds as forming one aggregate, this is called a "blended fund." The expression is chiefly used in cases where part of the testator's disposition fails, by lapse or otherwise, so that it becomes a question whether so much of the undisposed-of portion as consists of or arises from land goes to the testator's heir at law or next of kin.

1 Brown, 503; 1 White & T. Lead. Cas. 783; 1 Mylne & K. 665.