Straw, Man Of - Definition - Law Dictionary Home Dictionary Definition straw-man-of

Definition :

Straw, Man of, a man of no substance. A transfer of shares, in a company, to such a man is good, subject to its regulations, so as to relieve the transferor from liability to pay calls upon the shares, if the transferee be sui juris, and there be no resulting trust for the transferor [see De Pass's case, (1859) 4 De G. & J. 544], and unless the Stannaries Act, 1869, s. 35, applies; and see CONTRIBUTORY. Likewise the assignee o a lease may escape liability on the covenants after assignment by 'assigning over' to a man of straw.