declaratory judgment act

declaratory-judgment act. A federal or state law permitting parties to bring an action to determine their legal rights and positions regarding a controversy not yet ripe for adjudication, as when an insurance company seeks a determination of coverage before deciding whether to cover a claim. 28 USCA §§ 2201, 2202. See declaratory judgment under JUDGMENT. [Cases: Declaratory Judgment 21. C.J.S. Declaratory Judgments §§ 5, 7.]

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词条贡献者

双语律师Virginia，国内知名法学院民商法专业，擅长翻译各类与公司与并购相关的法律文件。