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LSDefine

Simple English definitions for legal terms

dead corporation

Read a random definition: deflation

A quick definition of dead corporation:

A dead corporation is a company that no longer exists. It is the same as a dissolved corporation. This means that the company has been legally terminated and is no longer in operation.

Deadhand control is when someone who has died still has control over their wealth and can influence how it is used by the living. This is done through legal methods such as conditional gifts and trusts. However, there are rules in place to prevent this control from lasting forever, called the rule against perpetuities.

A more thorough explanation:

A dead corporation is a corporation that has been dissolved. This means that it no longer exists as a legal entity and cannot conduct business or enter into contracts.

Dead freight refers to cargo space on a ship that is not being used. This can happen when a shipper overestimates the amount of cargo they need to transport, or when there is a delay in loading or unloading the cargo. The shipper may still have to pay for the unused space, which is known as dead freight.

Deadhand control is a legal concept that allows a person to control their wealth even after they have died. This can be done through the use of legal instruments such as conditional gifts, contingent future interests, and trusts. The goal is often to ensure that property remains in the hands of a particular family or organization. However, the rule against perpetuities limits the amount of time that deadhand control can be exercised.

For example, a wealthy individual may create a trust that specifies that their assets can only be used for the benefit of their descendants for a certain number of years after their death. This ensures that the wealth stays within the family for a set period of time.

deadborn | dead letter

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11:07
all serial killers drank milk as childs
11:08
children*
11:08
whoore*
BulbasaurNoLikeCardio
11:08
@LSDFan: They call it operator syndrome now at the VA
LSDFan
11:09
lol
11:09
I thought it was door kicker syndrome from all the breaching
Dkk
11:09
Ahh childhood, what a sweet sexual time of discovery. Takes me back.
BulbasaurNoLikeCardio
11:09
Who knew firing thousands of rounds and being next to explosions was bad for our brains
11:09
It is almost like the people doing that used to die fast
11:10
Didnt plan on anyone living long enough lol
11:10
I long to die on a european battlefield
11:10
thats the true white mans burden
11:10
calm down mostly putin
babycat
11:10
yeah fuck gtown btw
LSDFan
11:10
they don't even kick doors. They put C4 in a dip can and tape it to the wall
11:10
I am sure they kick some doors but yes
11:11
@EvolBunny: im a uki
babycat
11:11
terrible admin
BulbasaurNoLikeCardio
11:11
@babycat: I wonder why gtown felt what they said was a good idea and how secure that individual felt in their job to believe there would be no backlash.
Dkk
11:11
please, tell me more about Europa: The Last Battle @MostlyLegal
11:11
nothing you dont already know
Dkk
11:12
Lmfao, damn out of messages again. Time to go sit in the hot tub.
11:12
@BulbasaurNoLikeCardio: honestly fuck these schools
11:12
The way they act is so cringe and gives mad ick
babycat
11:12
@BulbasaurNoLikeCardio: people are saying this has been a pattern with them
babycat
11:12
imagine being a religious school and not supporting mothers. practice what you preach!
11:12
Fuck dem hoes
11:13
Child bearing people*
11:13
i cant spell fuck dont correct me
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