Law Dictionary

The right which its owner has in the management, profits and ultimate assets of the corporation. See 99 Ala. 1, 42 Am. St. Rep. 17, 14 South. 490.

The interest of the shareholder entitles him to participate in the net profits earned by the bank in the employment of its capital, during the existence of its charter, in proporti

The owner of the shares of stock in a company is not the owner of the corporation's property. He has a right to his share in the earnings of the corporation, as they may be declare

A share warrant to bearer is a warrant or certificate under the seal of the company, stating that the bearer of the warrant is entitled to a certain number or amount of fully paid

A "sharp" clause in a mortgage or other security (or the whole instrument described as "sharp") is one which empowers the creditor to take prompt and summary action upon defauit in

A customary gift of corn, which, at every Christmas, the farmers in some parts of England give to their smith for sharpening their plow irons, harrow tines, etc. Blount.

The policies frustrated must be national or state policies evidenced by some governmental declaration of them.

In Hindu law. The instrument of government or instruction; any book of instructions, particularly containing Divine ordinances. Wharton.

The terms “shatter-resistant lamp”, “shatter-proof lamp”, and “shatter-protected lamp” mean a lamp that— (i) has a coating or equivalent technology that is compliant with NSF/ANSI

The terms “shatter-resistant lamp”, “shatter-proof lamp”, and “shatter-protected lamp” mean a lamp that— (i) has a coating or equivalent technology that is compliant with NSF/ANSI

The terms “shatter-resistant lamp”, “shatter-proof lamp”, and “shatter-protected lamp” mean a lamp that— (i) has a coating or equivalent technology that is compliant with NSF/ANSI

Sometimes used to denote the act of obtaining the property of another by oppression and extortion; but it also denotes the buying of existing notes and other securities for money,

In old English law. A wood. Co. Litt. 4b.

Soldiers. CowelL

the tribes, and not individual members of those tribes of Indians.

A riding, tithing, or division in the Isle of Man, where the whole island is divided into six sheadings, in each of which there is a coroner or chief constable appointed by a deliv

The term “sheep” means ovine animals of any age, including lambs.

Small plots of pasture, in England, often in the middle of the waste of a manor, of which the soil may or may not be in the lord, but the pasture is private property, and leased or

The term “sheep products” means products produced, in whole or in part, from sheep, including wool and products containing wool fiber.

A service turned into money, which was paid because anciently the tenants used to wash the lord's sheep.

A deed; so called from the parchment it was written on.

A right of sheep-walk is the same thing as a fold-course, (q. v.) Elton, Commons, 44.

Sheer, in nautical meaning, is a deviation from the line of the course in which a vessel should be steered, and though it may occur from causes unpreventable by the most skilful se

The term “shell” means to remove the shell from an in-shell pecan.

The term “shell company” means a company that at the time of a transaction with an eligible privately held company— (I) has no or nominal operations; and (II) has— (aa) no or nomin

The term “shelled pecan” means a pecan kernel, or portion of a kernel, after the pecan shell has been removed.

The term “sheller” means any person who— (A) shells pecans or has pecans shelled for the account of such person; and (B) during the immediately previous year, purchased more than 5

RULE IN. "When the ancestor, by any gift or conveyance, taketh an estate of freehold, and in the same gift or conveyance an estate is limited, either mediately or immediately, to h

‘This case reported in 1 Rep. 93, contains a rule usually known as the rule in Shelly’s case, which has caused more commentaries perhaps than any other case. It has been expressed

“shelter” means the provision of temporary refuge and related assistance in compliance with applicable Federal and tribal laws and regulations governing the provision, on a regular

The term “shelterbelt” means a vegetative barrier with a linear configuration composed of trees, shrubs, and other approved perennial vegetation.

For purposes of subparagraph (A), the term “sheltered workshop” means a school— (i) which provides special instruction or training designed to alleviate the disability of the indiv

COURT OF. A court held before the lord warden of the Cinque Ports. A writ of error lay from the mayor and jurats of each port to the lord warden in this court, and thence to the qu

The body of the lordship of CaerdifE in South Wales. Pow. Hist. Wal. 123. SHERIFF (Sax. seyre, shire, reve, keeper). A county officer representing the executive or administrative p

In England, the immediate officer of the king within the shire, conservator of the peace, within the county, keeper of the county jail and commander of the posse comitatus and serv

Can a sheriff, without notice, be responsible for levying an attachment on a satisfied debt, or for not redelivering the property attached, without a discontinuance, or at least no

The office of sheriff.

The powers and duties of conservator of the peace exercised by the sheriff are not strictly judicial; but he may be said to act as the chief magistrate of his county, wielding the

The clerk of the sheriff's court in Scotland.

In Scotch law. The principal sheriff pf a county, who is also a judge.

A rent formerly paid by a sheriff, and it is prayed that the sheriff in his account may be discharged thereof. Eot. pari. 50 Edw. III.

A certificate of sale issued by a sheriff when he has conducted a sale of property under an execution.

In Scotch law. A court having an extensive civil and criminal jurisdiction. Its judgments and sentences are subject to review by the court of session and court of justiciary. Alls.

A tribunal having cognizance of personal actions under the London (city) small debts act of 1852 (21 & 22 Vict. c. 157, § 3). See 11 & 12 Vict. c. 121; 15 & 16 Vict. c. 127; 18 & 1

A deed executed by a sheriff and delivered to the' purchaser of land at an execution sale, upon the expiration of the period of redemption.

In practice. A jury composed of no determinate number, but which may be more or less than twelve, summoned by the sheriff for the purposes of an inquisition or inquest of of Hce. 3

Bailiffs, who are either bailiffs of hundreds, or bound bailiffs.

The powers and duties of the sheriff are usually arranged under four distinct classes:— 1. In his judicial capacity, he formerly held the sheriff's tourn, or county courts, and per

the sale of land by the sheriff, seized under a fieri facias, transferred the legal estate to the vendee, by operation of law; and that a deed from the sheriff was not necessary...

sheriffs' sales of land are within the statute of frauds, and that some memorandum in writing is necessary to be made; and they recommend, for the safety of purchasers, that in add

A court of record in England, held twice each year, within a month after Easter and Michaelmas, before the sheriff, in different parts of the county. It is, indeed, only the turn o

In English law. A tenure by the service of providing entertainment for the sheriff at his county courts; a common tax, formerly levied for the sheriff's diet. Wharton.

The jurisdiction of a sheriff. Doctor & Stud, dial 2, c. 42, p. 232. Called, in modern law, "bailiwick." The office of a sheriff. Finch, Law, bk. 4, c. 25.

A rent formerly paid by & sheriff, and it is prayed that the sheriff in his account may be discharged thereof. Rot. Pari. 50 Edw. III.

The provisions of sections 1 and 2 have both a geographical and distributive significance and apply to any part of the United States as distinguished from the whole and to any part

Relief in a Sherman Act case 'should put an end to the combination and deprive the defendants of any of the benefits of the illegal conduct, and break up or render impotent the mon

a combination which places railroads engaged in interstate commerce in such relation as to create a single dominating control in one corporation, whereby natural and existing compe

the character and effect of a conspiracy are not to be judged by dismembering it and viewing its separate parts, but only by looking at it as a whole; the duty of the jury was to l

Even if the circumstances were such as to justify individual stockholders in seeking the aid of the court to enforce rights of the corporation, it is clear that their remedy is not

An act of Congress passed July 2, 1890, forbidding combinations or trusts in restraint of trade between the states or with foreign countries.

A word used by the authorities of the Roman Church, to specify contemptuously the technical parts of the law, as administered by nonclerical lawyers. Bac. Abr.

A kind of toll or custom, exacted by mayors, sheriffs, etc., of merchant strangers, for wares showed or offered for sale within their liberties. Prohibited by 19 Hen. VII. c. 7. Co

In the practice of the English show the property to be viewed, and are hence called "shewers." There is usually a shewer on behalf of each party. Archb. Prac. 339 et seq.

In English law. To be quit of attachment in a court, in plaints shewed and not avowed. Obsolete.

Changing; varying; passing from one person to another by substitution. "Shifting the burden of proof" is transferring it from one party to the other or from one side of the case to

A shifting clause in a settlement is a clause by which some other mode of devolution is substituted for that primarily prescribed. Examples of shifting clauses are; The ordinary na

A shifting clause in a settlement is a clause by which some other mode of devolution is substituted for that primarily prescribed. Examples of shifting clauses are: The ordinary na

As if an estate is given to an only child, who dies, it may descend to an aunt, who may be stripped of it by an after-born uncle, on whom a subsequent sister of the deceased may en

Termination of the power of control at the time of death inures to the benefit of him who owns the property subject to the power and thus brings about, at death, the completion of

In insurance, a risk created by a contract of insurance on a stock of merchandise, or other similar property, which is kept for sale, or is subject to change in items by purchase a

See Severalty.

An express trust which ls so settled that it may operate in favor of beneficiaries additional to, or substituted for, those first named upon specified contingencies. Civ. Code Ga.

Such a use as takes effect in derogation of some other estate, and is limited expressly by the deed, or is allowed to be created by some person named in the deed. Gilb. Uses (Sugde

A use which other, by matter of

“When a man died having debts which his widow was unable to pay, she was obliged, if she contracted a second marriage, to leave her clothes in the hands of the creditors, and to go

In English Law. The name of an English coin, of the value one-twentieth part of a pound. In the colonies there were coins of this denomination; but they varied greatly in their val

Formerly a jocose term for a bank-note greatly depreciated in value; also for paper money of a denomination less than a dollar. Webster. See Madison Ins. Co. v. Forsythe, 2 Ind. 48

We do not think 'ship' in this Act applies to intangible messages, which we do not ordinarily speak of as being 'shipped.

To put on board a term, to send by other boat, canal boat, or a seaman, for a certain

In Scotch law. The offense of breaking into a ship. Arkley, 461.

One who transacts business relating to vessels and their employment between the owners of vessels and merchants who send cargoes.

The doctrine that the obligation between ship and cargo is mutual and reciprocal, and does not attach until the cargo is on board, or in the custody of the master

This lien or privilege is founded on the rule of maritime law as stated by Cleirac, (597:) 'Le batel est oblige a la marchandise et la marchandise au batel.' The obligation is mutu

This is a term of extensive import, and includes everything necessary to furnish and equip a vessel, so as to render her seaworthy for the intended voyage. Not only stores, stoves,

In rivers, harbors, etc., the channel in which the water is deep enough for vessels of large size, usually marked out in harbors by buoys. The Oliver (D. Ct) 22 Fed. 848.

The term “ship critical safety item” means any ship part, assembly, or support equipment containing a characteristic the failure, malfunction, or absence of which could cause a cat

In the charter parties with the English East India Company these words occur. Their meaning is, damage from negligence, insufficiency, or bad stowage in the ship. Doug. 272; Abb. S

See Master of a ship .

Shipment.—The term “shipment”— (A) means the transportation, or the effecting of transportation, of valuables, without limitation as to the means or facilities used or by which the

A tax levied on ports, towns, cities, boroughs, and counties to provide money for equipping the navy. It existed in England, and was finally abolished in the reign of Charles I. af

her armament, search lights, stores,—everything, in short, attached to or on board the ship in aid of her operations.

The owner of a ship in navigable waters owes to all who are on board for purposes not inimical to his legitimate interests the duty of exercising reasonable care under the circumst

Such a lien—that is, the lien of the shipowner—is not 'the privileged claim' of the civil law, but it arises merely from the right of the shipowner to retain the possession of the

On what principles rests the general lien of goods for freight? The master is the agent of the ship-owner, to receive and transport; the goods are improved in value, by the cost an

every commercial country has directed, by its laws, that its ships shall be furnished with a set of papers called Ship Papers: And this criterion the law of nations adopts, in time

Loaded for transportation. See' 147 Iowa, 561, 140 Am. St. Rep. 330, 126 N. W. 698.

the person who undertakes to pay the tariff charges.

Shippers' association.—The term "shippers' association" means a group of shippers that consolidates or distributes freight on a nonprofit basis for the members of the gro

The term “shipping” refers to the transportation of goods by a vessel and related activities.

The term “shipping and packing costs” means the costs incurred in packing a good for shipment and shipping the good from the point of direct shipment to the buyer, but does not inc