Closely Held - Law Dictionary Search Results
Home Dictionary Name: closely heldclosely held corporation
closely held corporation : close corporation at corporation ...
closely held
closely held : having most stock shares and corporate voting rights in the hands of a few shareholders ...
closely held
owned by a relatively few shareholders of business organizations as a closely held corporation...
corporation
corporation [Late Latin corporatio, from Latin corporare to form into a body, from corpor- corpus body] : an invisible, intangible, artificial creation of the law existing as a voluntary chartered association of individuals that has most of the rights and duties of natural persons but with perpetual existence and limited liability see also pierce compare association, partnership, sole proprietorship close corporation [klōs-] : a corporation whose shares are held by a small number of individuals (as management) and not publicly traded ;specif : small business corporation in this entry called also closely held corporation compare public corporation in this entry foreign corporation : a corporation organized under the laws of a state or government other than that in which it is doing business government corporation : public corporation in this entry moneyed corporation : a corporation (as a bank) authorized to engage in the investment, exchange, or lending of moneyed capit...
close
close closed clos·ing vt 1 : to bring to an end or to a state of completion [closed the case] [ an estate by liquidating its assets] [closing his account] 2 : to conclude discussion or negotiation about ;also : to bring to completion by performing something previously agreed [closing a merger] [ the property sale] vi 1 : to enter into or complete an agreement (as for the sale of real estate) [they closed on the house] 2 : to come to an end or to a state of completion [after the class closes, the trust shall continue…until the death of the last surviving member of the class "Louisiana Revised Statutes"] n : an enclosed area [break another's ] ...
special use valuation
special use valuation : a method of valuation allowed under the Internal Revenue Code in calculating estate taxes on farm property or on real property used in a closely held business in which the property is valued on the basis of its current use rather than at the market value for its highest and best use ...
Held
Held, the word 'held' means possession of legal and does not require actual connected occupation, Jilubhai Nanbhai Khadhar v. State of Gujarat, 1995 Supp (1) SCC 596; AIR 1995 SC 142.The word 'held' in s. 9 of the U.P. Zamindari Abolition and Land Reforms Act, 1950 means 'lawfully held'. Judicial propriety requires that if a bench of a High Court is unable to agree with the decision already rendered by another co-ordinate bench of the same High Court, the question should be referred to a larger bench, Budhan Singh v. Nabi Bux, AIR 1970 SC 1880 (1884): (1969) 2 SCC 481: (1970) 2 SCR 10.The expression 'held' occurring in s. 9 of the U.P. Zamindari Abolition and Land Reforms Act, 1950 can be construed to mean 'lawfully held'. Kailash Rai v. Jai Jai Ram, AIR 1973 SC 893 (897): (1973) 1 SCC 527: (1973) 3 SCR 411 [U.P. Zamindari Abolition and Land Reforms Act (1 of 1951), s. 9]In the Unabridged Edition of The Random House Dictionary of the English Language, the word 'hold' has been inter ali...
closing argument
closing argument : the final address to the jury by the attorney for each side of a case in which the attorney usually summarizes the evidence and his or her client's position called also closing statement final argument summation summing-up NOTE: Rule 29.1 of the Federal Rules of Criminal Procedure requires the prosecution to open the closing argument after the closing of the evidence. The defense replies, and the prosecution may offer a rebuttal. ...
closing costs
closing costs fees for final property transfer not included in the price of the property. Typical closing costs include charges for the mortgage loan such as origination fees, discount points, appraisal fee, survey, title insurance, legal fees, real estate professional fees, prepayment of taxes and insurance, and real estate transfer taxes. A common estimate of a Buyer's closing costs is 2 to 4 percent of the purchase price of the home. A common estimate for Seller's closing costs is 3 to 9 percent. Source: U.S. Department of Housing and Urban Development ...
closing
final or ending terminal as the closing stages of the election the closing weeks of the year the closing scene of the film closing remarks Opposite of opening...
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