receivership legal definition of legal
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Receivership In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights—especially in cases where a company cannot meet financial obligations or enters bankruptcy.
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- Receivership - See also. 1  Administration. 2  Bankruptcy. 3  Conservatorship. 4  Debtor-in-possession financing. 5  Examinership. 6  Floating charge. 7  Liquidator (law) 8  Official Receiver.
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11 U.S. Code Â§ 101 - Definitions (C) trustee, receiver, or agent under applicable law, or under a contract, that is appointed or authorized to take charge of property of the debtor for the purpose of enforcing a lien against such property, or for the purpose of general administration of such property for the benefit of the debtor’s creditors.
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Languages Although Ukrainian was reaffirmed as the country’s official language, regional administrators could elect to conduct official business in the prevailing language of the area. In Crimea, which has an autonomous status within Ukraine and where there is a Russian-speaking majority, Russian and Crimean Tatar are the official languages. In addition, primary and secondary schools using Russian as the language of instruction still prevail in the Donets Basin and other areas with large Russian minorities.
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abandon abandon - Legal Definition. 1  To intentionally give up for all time an assertion or a claim of an interest in property or in a right or privilege. 2  To repudiate, withdraw from, or otherwise disassociate oneself from a duty or responsibility. 3  To intentionally fail to complete.
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Disbarment Disbarment is the removal of a lawyer from a bar association or the practice of law, thus revoking his or her law license or admission to practice law. Disbarment is usually a punishment for unethical or criminal conduct. Procedures vary depending on the law society. 1 In the U.S. 1.1 Overview.
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Receivership In law, receivership is the situation in which an institution or enterprise is being held by a receiver, a person placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights, especially in cases where a company cannot meet its financial obligations or enters bankruptcy.
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What is a Receiver? Alternatives include pure out-ofcourt arrangements, and private or court-appointed receivers or receiver managers. An out-of-court arrangement is the granddaddy of corporate renewal and turnaround work. This out-of-court process should be the mainstay of a middle-market corporate turnaround.
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- For example, to convert 45° to radians, the Excel expression would be 45*PI()/180 which equals 0.7854 radians. Excel has a built-in function known as RADIANS(angle) where angle is the angle in degrees you wish to convert to radians.
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Guardianship Law and Legal Definition A guardianship is a legal relationship created when a person or institution named in a will or assigned by the court to take care of minor children or incompetent adults.Sometimes called a conservatorship. plenary guardian is a person appointed by the court with the power to exercise all legal rights and duties on behalf of a ward after the court makes a finding of incapacity. It is a guardian of both the person and the estate. State statutes define mental and physical disability.
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- Connecticut legislators have proposed bills to encourage health care providers to participate in the program; 1  2. other states have tax incentives for those who do and, if so, what such a law's fiscal impact and effects on TriCare enrollee's access to providers has been; and. 3. there is a way to estimate the fiscal impact of enacting a tax credit in Connecticut for TriCare-participating providers. SUMMARY.
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- Duhaime's Law Dictionary. Legal Custody Definition: Related Terms: Custody, Guardianship. A child custody status which entails the right to make, or participate in, the significant decisions affecting a child’s health and welfare (compare with physical custody and joint custody).
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Disavowment Law and Legal Definition Disavowment is the act of formally declining to take out letters of administration, assume an office, or accept a privilege or right. The following is an example of a Social Security ruling dealing USLegal Home
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Parent Legal guardian. A legal guardian is a person who has the legal authority (and the corresponding duty) to care for the personal and property interests of another person, called a ward.
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JUDICIAL MEANING IN URDU You have searched the English word Judicial meaning in Urdu which is عدالتی adaalati. Judicial meaning in Urdu has been search 13102 (thirteen thousand one hundred and two) times till 8/26/2017. You can find translation in Urdu and Roman for the word adaalati. Find the meaning in Urdu, Arabic, Hindi, Spanish, French and other languages.
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Bankruptcy Notice of closure attached to the door of a Computer Shop outlet the day after its parent company declared bankruptcy (strictly, put into administration) in the United Kingdom. Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankruptcy is not the only legal status that an insolvent person may have, and the term bankruptcy is therefore not a synonym for insolvency.
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Receiver Receiver (information theory), the receiving end of a communications channel. Receiver (video game), a 2012 first-person shooter. In receivership, a person appointed as a custodian of another entity's property by a court of law or a creditor of the owner, pending a lawsuit or bankruptcy.
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Accountability Law and Legal Definition Accountability Law and Legal Definition. Accountability is generally the state of being liable, answerable, or accountable. When applied to a legal context, accountability means that some legal rule(s) exists under which a theory or claim can be made to find one liable in a civil law suit or culpable in a criminal matter. Under state laws, a person must reach a certain age before they can be held accountable in both civil and criminal matters.
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What is 'Receivership' A type of corporate bankruptcy in which a receiver is appointed by bankruptcy courts or creditors to run the company. The receiver may be appointed by a bankruptcy court, as a matter of private proceedings, or by a governing body. In most cases the receiver is given ultimate decision-making powers and has full discretion in deciding how the received assets will be managed.
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From the 'Lectric Law Library's LexiconImpairment Customized Legal Forms. When a person's faculties are diminished so that his or her ability to see, hear, walk, talk and judge distances is below the normal level as set by the state. Typically, impairment is caused by drug or alcohol use, but can also be caused by mental illness. Even if a person's alcohol level is lower than the legal intoxication level, he can still be convicted if the state can show his abilities were impaired. Google+.
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Trustee Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, can refer to any person who holds property, authority, or a position of trust or responsibility for the benefit of another, also a trustee can be a person who is allowed to do certain tasks but not able to gain income.
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Trustee Trusteeship redirects here. For other uses, see Trusteeship (disambiguation). Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, can refer to any person who holds property, authority, or a position of trust or responsibility for the benefit of another. A trustee can also refer to a person who is allowed to do certain tasks but not able to gain income.
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Trustee For other uses, see Trusteeship (disambiguation). Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, can refer to any person who holds property, authority, or a position of trust or responsibility for the benefit of another. A trustee can also refer to a person who is allowed to do certain tasks but not able to gain income.
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breach breach - Legal Definition. 1  The failure to perform a legal or moral obligation owed to a person or to the public. 2  The failure to act as required by the law. 3  The failure to exercise the care that a reasonable person would exercise in the same or similar situation.
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Vacate Law and Legal Definition Vacate Law and Legal Definition. Vacate is a term subject to different meanings. In the context of a court order or decision, vacate means to overrule or void. A decision may be vacated for error, however, the error must be significant enough that it affected the outcome.
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receiver The receiver is mandated to take control (but not the title to) the pledged assets or the property to which debt is charged (and nothing else) to collect sufficient amount to repay the debt (plus his or her fees or expenses). Receivers are usually granted very wide powers and, in addition, they assume the powers of the directors. Although a receiver must try to save the firm, in practice nearly every firm in receivership is either sold or liquidated.