Appointive Asset - Law Dictionary Search Results
Secured creditor
or financial institution or any consortium or group of banks or financial institutions and includes, (i) debenture trustee appointed by any bank or financial institution; or (ii) securitisation company or recon-struction company; or (iii) any other trustee … interest is created for due repayment by any borrower of any financial assistance. [Securitisation and Recon-struction of Financial Assets and Enforcements of Security Interest Act, 2002 (54 of 2002), s. 2(1) (zd)] Secured creditor, means any bank
Liquidator
Liquidator. A person appointed to conduct the winding-up of a company under the (English) Companies Act, 1929. Liquidators are of three kinds:-- … which such sanction is not required. The duties of a liquidator are to collect, administer, and distribute the assets, having regard to the direction of creditors and contributories, and subject to the requirements of the Act. He
Misprision
is misprision of treason, the bare knowledge and concealment of treason without any degree of assent, for any asset makes the party a principal; as the concealment, construed to be aiding and abetting, did at the Common … in 43 Eliz., concerned in Essex's rebellion. Every great misdemeanour, according to Coke, which has no certain term appointed by the law, is sometimes called a misprision. Misprisions are divided in the text-books into two kinds:- (1)
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Partnership
property of the firm, may obtain only an order charging the partner's interest in the partnership property, and appointing a receiver of his share of profits. The dissolution of partnerships and the taking of partnership accounts are … s. 56 (1) (b), replacing (English) Jud. Act, 1873, s. 34)]. The County Court has jurisdiction if the assets do not exceed 500l. [(English) County Courts Act, 1934, s. 52 (f)] Limited Partnership.--The (English) Limited Partner-ships Act,
Double grants
Double grants, where by reason of their number or otherwise the executors appointed by the will do not all prove, power may be reserved to the non-proving executors to prove at … is made in general terms, but the value of the estate is sworn as the value of the assets remaining unadministered at the date of the second grant and not as the original value in the first
marshal
marshal 1 : a ministerial officer appointed for each judicial district of the U.S. to execute the process of the courts and perform various duties … ;also : to fix the order of (as liens or remedies) with respect to priority against a debtor's assets see also marshaling
Debenture
and the interest a primary charge, and contains provisions for the enforcement of payment of arrears by the appointment of a receiver. As to the issue of redeemable debenture stock by a 'statutory company,' See (English) Statutory … defined as including debenture stock, bonds or other securities of a company whether constituting a charge on the assets of the company or not. The charge created by debentures as a rule is fixed on the company's
Executor
Executor. A person appointed by a testator to carry out the directions and requests in his will, and to dispose of the … received. (5) It is the duty of the executor to collect and speedily reduce into money the personal assets, when not otherwise directed, especially if they be of a perishable nature. (6) As an executor cannot sue
Administration
C. Ord. LV., rr. 3 et seq.; Seton on Judgments. And see ADMINISTRATOR; WIDOW. The body of ministers appointed by the Crown to carry on the government of the country; now more commonly called 'the Government.' The … deceased person by an executor or administrator, i.e., the payment of his debts and the distribution of his assets among the persons entitled. See ss. 32 et seq., First Sched., Part III., of the (English) Administration of
Lien
must also be an actual or constructive possession by the party asserting it, with the express or implied asset of the party against whom it is asserted. It must not be inconsistent with the express terms or … Lien just connotes the right of a civil servant to hold the post substantively to which he is appointed. Generally when a person with a lien against a post is appointed substantively to another post, he acquires
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