An adoption in which the biological parent relinquishes his or her parental rights and surrenders the child to an unknown person or persons; an adoption in which there is no disclosure of the identity of the birth parents, adopting parent or parents, or child. • Adoptions by stepparents, blood relatives, and foster parents are exceptions […]
Contempt that is committed outside of court, as when a party disobeys a court order. • Indirect contempt is punishable only after proper notice to the contemnor and a hearing. — Also termed constructive contempt; consequential contempt. [Cases: Contempt 2. C.J.S. Contempt §§ 2–6, 11.]
inside information. Information about a company’s financial or market situation obtained not from public disclosure, but from a source within the company or a source that owes the company a duty to keep the information confidential. — Also termed insider information. See INSIDER TRADING. [Cases: Securities Regulation 60.28. C.J.S. Securities Regulation §§ 179, 182.]
inside information Read More »
A commercial or professional tenant with an established reputation that leases substantial, and usu. the most preferred, space in a commercial development. • A prime tenant is important in securing construction financing and in attracting other desirable tenants.
An asset carried on the books at a substantially reduced or understated value that is considerably less than market value.
statuliber (stach-[schwa]-lI-b[schwa]r), n. [Latin] Roman law. A person whose freedom under a will is made conditional or postponed; a person who will be free at a particular time or when certain conditions are met. — Also written statu liber (stay-t[y]oo lI-b[schwa]r). “The statuliber is one who has freedom arranged to take effect on completion of
fraudulent conveyance. 1. A transfer of property for little or no consideration, made for the purpose of hindering or delaying a creditor by putting the property beyond the creditor’s reach; a transaction by which the owner of real or personal property seeks to place the property beyond the reach of creditors. — Also termed fraud
fraudulent conveyance Read More »
drug-assistance program. 1. A governmental program to ensure access to necessary prescription medicines for needy people who are uninsured or underinsured or who otherwise lack health coverage. 2. Rehabilitative counseling, and monitoring, usu. in a nonresidential setting, for detecting and treating users of illegal drugs.
drug assistance program Read More »
mere-continuation doctrine. A principle under which a successor corporation will be held liable for the acts of a predecessor corporation, if only one corporation remains after the transfer of assets, and both corporations share an identity of stock, shareholders, and directors. — Also termed continuity-of-entity doctrine. Cf. SUBSTANTIAL-CONTINUITY DOCTRINE. [Cases: Corporations 445. 1. C.J.S. Corporations
mere continuation doctrine Read More »
A bill introduced in the other house of a bicameral legislature in a substantially identical form.