Sentences with phrase «default laws of the state»

If you neglect to define the details of your new partnership, you may be stuck with the default laws of the state where you form it.

Not exact matches

Vice Chancellor Strine went on to explain, however, that a corporation may in fact opt out of the default voting — and nominating — rules of state law, provided it does so clearly and unambiguously:

Canadian mortgage laws are much more strict than in the United States — mortgages are full recourse, for example, so Canadian homeowners have a lot more on the line in the case of default than Americans.

While the policy notes that «New York's legal code is relatively accessible compared to other states,» it suggests that the state commit to including its laws on a platform such as America Decoded, adopting the Consumer Finance Protection Bureau's eRegs tool to make the laws more accessible, and instituting an «open by default» policy in the area of IT purchasing, data and research.

The Four Corners states had consistent failings in the eyes of the NACSA raters: None of the states» laws had a renewal standard tied to academic performance or a default closure provision, under which a school would lose its charter «by default» if it did not meet a minimum standard of performance.

Last month, my organization, Students Matter, issued its support of California's AB 934 — a state bill that, though imperfect, honestly attempted to address the grave defaults in the state's teacher tenure, dismissal and layoff laws challenged by the student plaintiffs in Vergara v. California.

States with an existing default closure clause for identified schools are referencing those state laws as an example of a state intervention method.

We may, but are not required to, decline a transaction on your Account for any of the following reasons: (A) because of operational considerations, (B) because your Account is in default, (C) if we suspect fraudulent or unlawful activity, (D) we reasonably believe a transaction may be challenged as illegal under state or federal law (such as casino gambling on the Internet), or (E) in our discretion, for any other reason.

Once you are in default, the laws of most states permit the creditor to repossess your car at any time, without notice, and to come onto your property to do so.

For example, a government - backed loan in default can subject the borrower to an administrative wage garnishment (that is, a garnishment without the creditor first obtaining a court judgment) of 15 % of disposable income, and this would be in addition to any state law garnishment by another creditor (under New York law, of several creditors have judgments against a debtor, only one at a time can garnish 10 % of wages, but a government student loan can be imposed on top of a state law garnishment.A borrower can also lose tax refunds if in default on a government student loan.

«We saw a big drop - off in foreclosure petitions in the middle of last year after the state passed a law requiring mortgage lenders intending to start foreclosure proceedings to give defaulting borrowers 90 days to catch up with missed payments.

For federal loans the default timeframe is 270 days for other types of credit the timeframe is mandated by state laws.

Operating Agreements of Single Member LLCs are used to define the structure of your business, to show the financial separation between you and your business, to illustrate to investors how your business operates, and to protect your business from default state laws.

The default search covers all of Scholar's collection of federal and state cases and law review articles.

The Luxembourg Court, in adherence to the great shift in thoughts aimed at protecting «the rule of law at the national and international levels», as the United Nations General Assembly urges (see UN GA Resolution A / RES / 67 / 2012), and intended to repress the crime of serious VAT fraud, with established an effective measure (i.e., the disapplication of national rules incompatible with Article 325 (1) TFEU, Article 2 (1) of the 1995 PIF Convention as well as Directive 2006/112 on the EU's common system of VAT, read in conjunction with Article 4 (3) TEU) which, alongside the guilty, condemns States defaulting and disrespecting EU law and the founding principles of the world legal order.

Currently nine states make community property the default laws of the land in their jurisdictions: Washington, California, Nevada, Idaho, Arizona, New Mexico, Texas, Louisiana and Wisconsin.

If the spouses want to handle their property division during marriage or in the event of a dissolution, or death of a spouse differently than the default under the current state law, a prenuptial agreement might be an appropriate option for achieving the desired result.

The preponderance standard, and the forum state's substantive law, are the default rules to be applied in such situations in the absence of objection.

He also chewed out Makhnevich in a default judgment, finding her actions to be unconscionable and a breach of fiduciary duty, and ruling that Lee's commentary couldn't be defamatory under New York state law.

Most state laws apply when the documents initiating foreclosure, such as notice of default or notice of pending foreclosure, are issued.

Signing Requirements of Lenders at Origination: There are two documents of concern to a mortgage lender: the note, which defines the borrower's payment obligations; and either a mortgage or deed of trust, depending on state law, which gives the lender the right to acquire the property through a foreclosure process if the borrower defaults on the payment obligation.

Proposed comment 37 (c)(1)(i)(C)-1 would have stated that «mortgage insurance» means insurance against the nonpayment of, or default on, an individual mortgage, and that, for purposes of proposed § 1026.37 (c), «mortgage insurance or any functional equivalent» would have included any mortgage guarantee that provides coverage similar to mortgage insurance (such as a United States Department of Veterans Affairs or United States Department of Agriculture guarantee), even if not technically considered insurance under State or other applicable law.