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Lot meads

Lot meads, common meadows which are divided yearly and distributed by lot among the owners, the share of each being called a dole. See Williams on Rights of Common. The owner of a dole may

Maintainable profits

company after deduction of taxes payable by it and this would be a measure of potential yield per share, Commissioner of Wealth Tax v. Mahadeo Jalan, AIR 1973 SC 1023: (1973) 3 SCC 157: (1973) 2 SCR

Minerals

in or under any land and the powers of working and getting the same, but not an undivided share thereof. Minerals would include minor minerals unless minor minerals are expressly excluded or the context otherwise requires, D.K.

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Option agreement

Option agreement, means a share transfer restric-tion that commits the shareholder to sell, but not the corporation or other shareholders to buy, the

Offer of shares to the public

Offer of shares to the public. Shares and debentures of limited companies, when allotted or agreed to be allotted with a

Oppression

Simonds said at page 342 that the appellant-society could justly be described as having behaved towards the minority share-holders in an 'oppressive' manner, that is to say, in a manner 'burdensome, harsh and wrongful', Needle Industries (India)

Land trust certificate

Land trust certificate, means an instrument granting the holder a share of the benefits of property ownership while the trustee retains legal title, Black's Law Dictionary, 7th Edn., p.

Order assigning residue

means a probate court's order naming the persons entitled to receive parts of an estate and allotting the share to each, Black's Law Dictionary, 7th Edn., p. 1125.

Orphan

inventories of the estate of the deceased, and give security to the Chamberlain for the orphan's part or share. Consult Williams on Executors.

Owner

s. 2(40)] Owner means, (a) in relation to a ship, the person to whom the ship or a share in the ship belongs; (b) in relation to a sailing vessel, the person to whom the sailing vessel

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