Equitable Conversion

Definition of Equitable Conversion

A doctrine commonly applied when death intervenes between the signing of an agreement to sell real estate and the date of transfer of title resulting in treating land as personality and personality as land under certain circumstances. It takes place when a contract for sale of realty becomes binding on parties. Lampman v. Sledge, Tex. Civ.App., 502 S.W.2d 957, 959. See also Conversion.

That's the definition of Equitable Conversion in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.