maximum medical improvement. The point at which an injured person’s condition stabilizes, and no further recovery or improvement is expected, even with additional medical intervention. • This term is most often used in the context of a workers’-compensation claim. An injured employee usu. receives temporary benefits until reaching maximum medical improvement, at which time a […]
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Stock on which no further payments can be demanded by the issuing company. — Also termed paid-up stock. [Cases: Corporations 88–89.]
Inn of Chancery. Hist. Any of nine collegiate houses where students studied either to gain entry into an Inn of Court or to learn how to frame writs in order to serve in the chancery courts. • Over time, the Inns — Clement’s, Clifford’s, Lyon’s, Furnival’s, Thavies’, Symond’s, Barnard’s, Staples’, and the New Inn —
peculatus (pek-y[schwa]-lay-t[schwa]s), n. [Latin] Roman law. The offense of stealing or embezzling public funds; peculation. Cf. FURTUM(1).
respondeat ouster (ri-spon-dee-at ow-st[schwa]r). [Latin “let him make further answer”] An interlocutory judgment or order that a party who made a dilatory plea that has been denied must now plead on the merits. — Also termed judgment respondeat ouster. [Cases: Pleading 111.47.] “In case of felony, if the plea be held bad, the judgment is
attorney general’s opinion. 1. An opinion furnished by the U.S. Attorney General to the President or another executive official on a request concerning a question of law. [Cases: Attorney General 6. C.J.S. Attorney General §§ 7–15.] 2. A written opinion by a state attorney general, usu. given at the request of a public official, interpreting
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A person’s duty not to engage in self-dealing or otherwise use his or her position to further personal interests rather than those of the beneficiary. • For example, directors have a duty not to engage in self-dealing to further their own personal interests rather than the interests of the corporation.
expilatio (eks-p[schwa]-lay-shee-oh), n. [Latin] Roman law. The offense of unlawfully appropriating goods belonging to a succession. • This offense was not technically theft (furtum) because the property belonged to neither the decedent nor an heir, since the latter had not yet taken possession. Pl. expilationes (eks-p[schwa]-lay-shee-oh-neez).
stet processus (stet pr[schwa]-ses-[schwa]s), n. [Law Latin “let the process stand”] Hist. 1. A record entry, similar to a nolle prosequi, by which the parties agree to stay further proceedings. 2. The agreement between the parties to stay those proceedings. • This was typically used by a plaintiff to suspend an action rather than suffer
Chapter 7. 1. The chapter of the United States Bankruptcy Code allowing a trustee to collect and liquidate a debtor’s nonexempt property, either voluntarily or by court order, to satisfy creditors. [Cases: Bankruptcy 2251. C.J.S. Bankruptcy § 50.] 2. A bankruptcy case filed under this chapter. • An individual debtor who undergoes this type of