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LSDefine

Simple English definitions for legal terms

divestiture

Read a random definition: order of examination

A quick definition of divestiture:

Divestiture means getting rid of something that belongs to a company or government. This can happen when they sell it, close it down, or go bankrupt. Sometimes they do it on purpose, and sometimes a court tells them they have to. For example, a company might sell the rights to something they invented, or two companies might join together and sell off some parts they don't need anymore. In some legal situations, divestiture means that someone in charge did something wrong and can't be trusted anymore.

A more thorough explanation:

Divestiture is when a company or government entity gets rid of an asset, either partially or completely. This can happen through selling, exchanging, closing, or bankruptcy. It can be voluntary or court-ordered.

Examples of divestitures include:

One example of divestiture in a legal sense is when a court's jurisdiction in a bankruptcy matter is affected. When an appeal is filed, the lower court loses control over the issue or matter that is being appealed.

Another example is in military law, where divestiture defense means that if a superior behaves improperly towards a subordinate, they lose their authority and protection.

These examples illustrate how divestiture can happen in different contexts and for different reasons. It is a way for companies and governments to get rid of assets that are no longer useful or profitable, or to comply with legal requirements.

divestitive fact | divestment

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21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
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