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Simple English definitions for legal terms

doctrine of adverse domination

Read a random definition: ex parte motion

A quick definition of doctrine of adverse domination:

The Doctrine of Adverse Domination is a legal principle that states that the statute of limitations on a breach-of-fiduciary-duty claim against officers and directors of a corporation is paused as long as the corporation is controlled by the alleged wrongdoers. This means that the time limit for filing a claim is extended until a majority of the disinterested directors discover or are put on notice of the claim against the wrongdoers. The purpose of this doctrine is to prevent a director or officer from successfully hiding wrongful or fraudulent conduct during the limitations period. This doctrine is only available to benefit the corporation.

A more thorough explanation:

The Doctrine of Adverse Domination 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 principle is applied when the corporate plaintiff is controlled by the alleged wrongdoers.

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. The purpose of this doctrine is to prevent a director or officer from successfully hiding wrongful or fraudulent conduct during the limitations period.

For example, if a corporation's CEO and board of directors engage in fraudulent activities that harm the corporation, the Doctrine of Adverse Domination can be applied to toll the statute of limitations until a majority of the disinterested directors discover or are put on notice of the wrongdoing. This allows the corporation to bring a claim against the wrongdoers even if the statute of limitations has expired.

It is important to note that this doctrine is only available to benefit the corporation and not the individual officers or directors.

doctrine of acquired rights | doctrine of approximation

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choosingpeace
13:08
missing CLS and Penn waves im so screwed
choosingpeace
13:08
i applied early too i hate everything im crashing out im crashing OUT
PerpetualCheerfulBeaver
13:08
I literally have no experience in this type of stuff, but if i get waitlisted, should i send an email about continued interest?
lilypadfrog
13:09
im so nonchalant
lilypadfrog
13:09
i will probably hear something back eventually
texaslawhopefully
13:10
I wish I could be like you lily
Trismegistus
13:10
im actively losingh my mind man
choosingpeace
13:10
@texaslawhopefully: lmaoo same Im crashing out so bad like it's never been this bad
texaslawhopefully
13:11
I need Chicago on Friday
Trismegistus
13:11
me too
Trismegistus
13:11
sixty coffees is having an insane cycle
PerpetualCheerfulBeaver
13:12
jesus they really are
GreyCeaselessMammoth
13:13
sixtys making a historic run here
Trismegistus
13:13
theyre close to my stats that's how i know them lol
choosingpeace
13:13
stanford harvard columbia duke wtfff
choosingpeace
13:13
uva nyu umich
13:13
I’m just tryna be like him fr fr
choosingpeace
13:13
that's crazy
Def that fulbright
choosingpeace
13:14
ohhhh
choosingpeace
13:14
i didn't even see that yep fas
lilypadfrog
13:14
why does the Fulbright have so much weight? idgi
And several pubs, and solid we. pretty awesome app
texaslawhopefully
13:14
idk I feel like that Fulbright isn't that big of a diff, there's so many countries where it is easy to get
snow
13:14
im telling yall, sictycoffees and nothim are like prime kobe and shaq
texaslawhopefully
13:14
it is prolly they just had a great overall narrative and not KJD
13:14
^
13:14
KJD 🗑️ squad
Maybe a fulbright alone isnt insanity, but pairing it with several first author pubs is sick
13:15
Besides lion ur killin jt
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