stranding, n. Maritime law. A ship’s drifting, driving, or running aground on a strand. • The type of stranding that occurs determines the method of apportioning the liability for any resulting losses. [Cases: Salvage 9, 30. C.J.S. Salvage §§ 12, 81.] accidental stranding. Stranding as a result of natural forces, such as wind and waves. […]
jettison (jet-[schwa]-s[schwa]n), n. Maritime law. 1. The act of voluntarily throwing cargo overboard to lighten or stabilize a ship that is in immediate danger. — Also termed equitable jettison; jactura; jactus mercium navis levandae causa. See general average under AVERAGE. 2. JETSAM. — jettison, vb. “The goods must not be swept away by the violence
ad levandam conscientiam (ad l[schwa]-van-d[schwa]m kon-shee-en-shee-[ schwa]m). [Law Latin] Scots law. For the purpose of easing the conscience. • The phrase typically described certain confessions that a criminal suspect voluntarily made when apprehended and that could be used as evidence in the criminal trial. But an arrested suspect’s responses to questions posed by the arresting
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ex mero motu (eks meer-oh moh-tyoo). [Latin “on his mere motion”] Hist. Voluntarily; without suggestion or influence from another person. • The phrase was formerly sometimes used in reference to a court, as an equivalent of sua sponte or on its own motion. See SUA SPONTE.
voluntarius daemon (vol-[schwa]n-tair-ee-[schwa]s dee-m[schwa]n), n. [Law Latin “voluntary madman”] Hist. A drunkard; one who has voluntarily contracted madness by intoxication.
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Stock that an owner deposits with a third person according to an agreement by which the owner voluntarily accepts a change in the corporation’s securities.
An issuer not subject to the reporting requirements of the Exchange Act because it (1) has not voluntarily become subject to the reporting requirements, (2) has not had an effective registration statement under the Securities Act within the fiscal year, and (3) did not, at the end of its last fiscal year, meet the shareholder
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adoption agency. A licensed establishment where a biological parent can voluntarily surrender a child for adoption. See agency adoption under ADOPTION.
Property that has been voluntarily relinquished by the owner with an intent to recover it later — but that cannot now be found. Cf. abandoned property; lost property. [Cases: Abandoned and Lost Property 1, 10. C.J.S. Abandonment §§ 4, 7–8.]