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LSDefine

Simple English definitions for legal terms

divestiture

Read a random definition: profit à prendre

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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