General Creditor - Law Dictionary Search Results
Hypothecation
possession by the mortgage, but they stand upon very peculiar grounds, and may be deemed exceptions to the general rule. It means a charge in or upon any movable property, existing or future, created by a borrower … in or upon any movable property, existing or future, created by a borrower in favour of a secured creditor without delivery of possession of the movable property to such creditor, as a security for financial assistance and
Meeting
79 and 95. A company formed under the Companies Act, 1929, and limited by shares must hold a general meeting ('statutory meeting') not earlier than one nor later than three months after the date upon which it … 66-80 of the (English) Companies Clauses Act, 1845 (8 & 9 Vict. c. 16). As to meetings of creditors, see (English) Bankruptcy Act, 1914, ss. 13, 79 and 95. A company formed under the Companies Act, 1929,
deposit
bank esp. to one's credit demand deposit : a bank deposit that can be withdrawn without prior notice general deposit : a deposit of money in a bank that is to the credit of the depositor thereby
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Deed
sequence; and although it is not absolutely necessary that a deed should be drawn in accordance with the generally received formulary, provided it exhibits the intention of the parties, yet it is not advisable to deviate from … trustees follow real owners. Lastly, those who are inserted to fix them with notice of the deed, as creditors, legatees, trustees, and executors. When a person acts in two or more capacities, he should be named in
Revendication
of stoppage in transitu (q.v.) only in cases of insolvency of the vendee. The Roman law did not generally consider the transfer of property to be complete by sale and delivery alone without payment or security given … debtor. In respect to ships, a privilege is given by the same code to a certain class of creditors, such as vendors, builders, repairers, mariners, etc., upon the ship, which takes effect even against subsequent purchasers, until
power of appointment
to dispose of an estate in a specified manner for the benefit of the donee or of others general power of appointment : a power of appointment which the donee may exercise in favor of anyone including … as one exercisable in favor of the individual possessing the power, his or her estate, his or her creditors, or the creditors of his or her estate with certain specified qualifications limited power of appointment : special
Borrowing powers
it has an implied power to borrow money and give security therefor for the purposes of its business, General Auction Estate Co. v. Smith, (1891) 3 Ch 432. If the money borrowed is beyond the company's powers … see Re Harris Calculating Machine Co., (1914) 1 Ch 920, as to the lender's right of subrogation to creditors who have been paid with the proceeds of the void loan. See also (English) Companies Clauses Consolidation Act,
Annuity
and it should not be liable to any variation depending upon or on any ground relating to the general income of the fund or estate which is charged for such payment, CWT v. P. K. Banerjee, (1981) … not created by marriage settlement or will did not affect lands or hereditaments as against purchasers, mortgagees or creditors without notice unless it was registered, 18 & 19 Vict. c. 15, ss. 12, 13; Greaves v. Tofield,
Commandite, Partnerships en
en, partnerships in France which are limited, where the contract is between one or more persons, who are general partners, and jointly and severally responsible, and one or more other persons, who merely furnish a particular fund … There is a managing partner, who manages the affairs of the partnership and is under unlimited liability to creditors, and there is a sleeping partner, who contributes, or agrees to contribute, capital of specified amount for the
County Courts
of a deputy to carry out the duties of a judge unavoidably absent. Jurisdiction.--The subject matters of the general jurisdiction are all personal actions where the debt, demand or damage claimed is notmore than 100l. except libel, … to any toll, fair, market, or franchise shall come in question' (ss. 40, 48). Also all actions by creditors or legtees for administration of the estate of a deceased person,or for execution of trusts,or for redemption of
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