Corporate Immunity - Law Dictionary Search Results
corporate immunity
Matched in: Term corporate immunity
pierce
in New York cannot pierce the corporate veil solely on grounds of inadequate capitalization "R. C. Clark"] compare corporate immunity at immunity NOTE: An action to pierce the corporate veil is usually grounded on the corporation's being an
piercing the corporate veil
Matched in: Term piercing the corporate veil
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citizen
to parents who were born or naturalized in the U.S. is also a citizen of the U.S. A corporation is not considered a citizen for purposes of the privileges and immunities clause of the Fourteenth Amendment. A … a citizen of the U.S. A corporation is not considered a citizen for purposes of the privileges and immunities clause of the Fourteenth Amendment. A corporation is, however, deemed a citizen of the state in which it
Disfranchisement
corporator, Halsbury's Laws of England (9), para 1253, p. 746. Disfranchisement, the act of depriving of a franchise, immunity, or privilege; the depriving a constituency of a right to return a member to Parliament, or a person … for some reasonable cause, Symmers v. R., (1776) 2 Cowp 489 (502) Disfranchisement, is the expulsion of a corporator from membership and involves the total depriva-tion of all privileges, rights, interest, profits and advantages which the individual
business judgment rule
business judgment rule : a rule of law that provides corporate immunity to directors of corporations protecting them from liability for the consequences of informed decisions made in good faith
Financial Institution
Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993); (iii) the International Finance Corporation establi-shed under the International Finance Cor-poration (Status, Immunities and Privileges) Act, 1958 (42 of 1958); (iv) any other … Institutions Act, 1993 (51 of 1993); (iii) the International Finance Corporation establi-shed under the International Finance Cor-poration (Status, Immunities and Privileges) Act, 1958 (42 of 1958); (iv) any other institution or non-banking financial company as defined in
Public authority
the context, McFarland HL(NI) (in re:), (2004) 1 WLR 1289.Is a body, not necessarily a country council, municipal corporation or other local authority, which has public or statutory duties to perform and which perform those duties and … subject to government influence or control, (vi) that the defendant possessed no special powers nor did it enjoy immunities which might have been indications of publicness, (vii) that it was not publicly funded and (viii) that it
Freeman
of freemen were preserved by the Municipal Cor-porations Act, 1835, and continued by Part X. of the Municipal Corporations Act, 1882 (45 & 46 Vict. c. 50). See now Local Government Act, 1933 (23 & 24 Geo. … Freeman [liber homo, Lat.], an allodial proprietor; one born or made free to enjoy certain municipal immunities and privileges; the privileges of freemen were preserved by the Municipal Cor-porations Act, 1835, and continued by Part
Right
imposing corresponding duties on others. But in a generic sense, the word 'right' is used to mean an immunity from the legal power of another: immunity is exemption from the power of another, State of Rajasthan v. … Black's Law Dictionary, 7th Edn., p. 1322. Right, comprehends every right known to the law. It includes both corporeal and incorporeal rights including 'a right of ownership', Jasjit Singh v. Charanjit Kaur, AIR 1995 P&H 177. Right,
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