Search Results for: ILL

lockup option

lockup option. A defense against a corporate takeover, in which a friendly party is entitled to buy parts of a corporation for a set price when a person or group acquires a certain percentage of the corporation’s shares. • An agreement of this kind may be illegal, to the extent it is not undertaken to

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tracing

tracing, n. 1. The process of tracking property’s ownership or characteristics from the time of its origin to the present (tracing the vehicle’s history). • Parties in a divorce will be expected to trace the origins of property in existence at the time of marital dissolution in order to characterize each asset as separate or

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sham prosecution

A prosecution that seeks to circumvent a defendant’s double-jeopardy protection by appearing to be prosecuted by another sovereignty, when it is in fact controlled by the sovereignty that already prosecuted the defendant for the same crime. • A sham prosecution is, in essence, a misuse of the dual-sovereignty doctrine. Under that doctrine, a defendant’s protection

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de malo

de malo (dee mal-oh). [Law Latin] Of illness. • This term defined certain legal excuses, such as de malo lecti (“of illness in bed”), de malo veniendi (“of illness or misfortune in coming where the court is”), and de malo villae (“of illness in town where the court is”).

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