... (respondents here) were assigned legal title to the claims of approximately 1,400 payphon... routinely recognized assignments of equitable (but not legal) interests in a chose in action: Co...
In July 2008, bankruptcy courts across the US prepared themselves for a busy season. As many as 5,664 companies sought to liquidate or restructure that month alone, a 57% increase from the prior year. This Note looks behind the shield of D&O insurance and examines its treatment under the Bankruptcy Code. Part I provides an overview of the duties of directors and officers of a corporation, as well as the protections they receive under the business judgment rule and indemnification contracts. Part II explains the three different "sides" of D&O insurance policies. Part III discusses basic bankruptcy concepts including directors' and officers' duties in bankruptcy, automatic stay, and property of the estate provisions of the Code, as well as the treatment of contracts in bankruptcy....
... damages, settlement amounts, and legal fees that the individual incurs while serving as a... protection they enter courts that use equitable standards, where many different parties seek a fai... simple, joint interest, leasehold, or legal title only - is transferred to the estate.71 Any debtor ...
... assets for another party, often with the legal authority and duty to make decisions for the other...They often take legal title to assets but not equitable title, which rests wit...
As the market appears to level and home sales slow for the season, certain sellers may be willing to embrace a new approach when it comes to selling their properties. Most common when money is tight, seller financing or real-estate contracts can be useful even when mortgage bankers are swimming with cash like they are now. This option can be attractive to both buyers and sellers so here are some tips to better understand what it is and whether it could be useful to you. The sale works the same whether there is seller financing or a mortgage. The buyer and/or Realtor presents a purchase contract, conducts due diligence, presents objections and works to resolve and close the purchase. The difference is in the financing whereby the seller becomes the banker. After the transaction closes, t...
... defaults then the process to clear the title can become litigious and time-consuming. And for b...
... Bayh-Dole Act does not automatically vest title to federally funded inventions in federal contract... the issue, among others, of whether equitable title had passed to Stanford by virtue of the empl... public benefit can be reflected in legal rules that may deny or limit the award of patent r...
... that specifically states the status of the legal and equitable title to the land comprising the lot...
... provides that the estate shall include "all legal or equitable interests of the debtor in property a..."The term `levy' as used in this title includes the power of distraint and seizure by any...
... to a subject, the extent and nature of the legal consequences of the regulation are federal questio... The "take title" provision was such an invasion. Both the Federal ... Also, where equitable title has passed to the purchaser of land from the...
... Act allows research institutions to retain title to inventions funded by federal research money. Si..., Stanford gained only "certain equitable rights" against Holodniy upon execution of the agr... that Cetus' equitable title converted to legal title, at the latest, on May 14, 1992, the filing ...
CIVIL MISCELLANEOUS: In a civil forfeiture proceeding, where the state sought to forfeit a seized vehicle as proceeds of drug trafficking, the drug trafficker had standing to challenge the forfeiture by virtue of his equitable interest in the vehicle even though he lacked legal ownership as evidence by a certificate of title at the time of the seizure. The trial judges misconduct at a Civ.R. 53 objections hearing that included contacting the clerk of courts to obtain certificate of title information for a seized vehicle was harmless error because the drug trafficker had standing to challenge the forfeiture based on his equitable interest in the vehicle and the state failed to demonstrate that the seized vehicle was a proceed of drug trafficking.
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