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Simple English definitions for legal terms

adverse-domination doctrine

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A quick definition of adverse-domination doctrine:

The adverse-domination doctrine is a rule that says if a company's officers or directors do something wrong, the company can still sue them even if the time limit for suing has passed. This is because the time limit is paused until the company has enough people in charge who are not involved in the wrongdoing to notice and take action. The purpose of this rule is to make sure that bad behavior by company leaders doesn't go unnoticed or unpunished just because they control the company. This rule only helps the company, not the bad actors.

A more thorough explanation:

The adverse-domination doctrine is an equitable principle that tolls the statute of limitations on a breach-of-fiduciary-duty claim against officers and directors, especially when a corporation sues its own officers and directors. This doctrine prevents a director or officer from successfully hiding wrongful or fraudulent conduct during the limitations period.

The statute of limitations is tolled until a majority of the disinterested directors discover or are put on notice of the claim against the wrongdoers. This doctrine is available only to benefit the corporation.

Suppose a corporation's officers and directors engage in fraudulent conduct that harms the corporation. The corporation may not immediately discover the fraud, and the statute of limitations may expire before the corporation can bring a claim against the wrongdoers.

However, if the corporation is still controlled by the alleged wrongdoers, the adverse-domination doctrine may apply. The statute of limitations would be tolled until a majority of the disinterested directors discover or are put on notice of the claim against the wrongdoers. This gives the corporation more time to bring a claim against the wrongdoers and seek justice.

adverse authority | adverse dominion

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Just apply and get the A lol
triplethread
11:13
got like 3 more apps
there should be a law school draft akin to the NFL Draft where law schools can recruit us
or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
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