privilege from arrest
An exemption from arrest, as that enjoyed by members of Congress during legislative sessions. U.S. Const. art. I, § 6, cl. 1. [Cases: Arrest 59. C.J.S. Arrest § 5.]
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Search Results for: EXEMPT
reassignment of homestead
reassignment of homestead 〈美〉宅地再转让 美国许多州的制定法中确定了可以免予扣押或强制拍卖的不动产的最高价值，因此，当某一宅地在第一次转让后发生增值且其价值超过制定法所规定的价值限额的，则受让人往往将其再行转让，以使自己仍享有宅地豁免〔homestead exemption〕的权利。
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patient litigant exception
patient-litigant exception. An exemption from the doctor–patient privilege, whereby the privilege is lost when the patient sues the doctor for malpractice. [Cases: Witnesses 219(5). C.J.S. Witnesses §§ 381, 383–389.]
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merchant exception
merchant exception. Contracts. In a sale of goods, an exemption from the statute of frauds whereby a contract between merchants is enforceable if, within a reasonable time after they reach an oral agreement, a written confirmation of the terms is sent, to which the recipient does not object within ten days of receiving it. •
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declaration of homestead
declaration of homestead 〈美〉宅地豁免权公告；宅地公告 为维护宅地豁免权〔homestead exemption rights〕而要求在州或地方有关机构登记备案的财产所有权声明。它只是所有权人藉以维护其法定权利的一种方式而不是所有权转让合同，即所有权并不因此发生移转或变更。
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homestead
homestead. 1. The house, outbuildings, and adjoining land owned and occupied by a person or family as a residence. • As long as the homestead does not exceed in area or value the limits fixed by law, in most states it is exempt from forced sale for collection of a debt. — Also termed homestead
droit d’aubaine
droit d’aubaine (drwah doh-ben), n. [Law French “right of alienage”] Hist. With certain exceptions, a sovereign’s right to a deceased alien’s property, regardless of whether the alien had a will. • This right was primarily exercised in France, where it was revived in some form by Napoleon after its initial abolishment in 1790. It was
governmental unit
governmental unit. A subdivision, agency, department, county, parish, municipality, or other unit of the gov-ernment of a country or a state. • The term includes an organization with a separate corporate existence only if the organization can legally issue debt obligations on which interest is exempt from income taxation under national law. UCC § 9-102(a)(45).
real estate mortgage investment conduit
real-estate-mortgage investment conduit. An entity that holds a fixed pool of mortgages or mortgage-backed securities (such as collateralized mortgage obligations), issues interests in itself to investors, and receives favorable tax treatment by passing its income through to those investors. • Real-estate-mortgage investment conduits were created by the Tax Reform Act of 1986. They can be
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