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Simple English definitions for legal terms

doctrine of adverse domination

Read a random definition: half-proof

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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Quillinit
11:57
ah you filed retro W's from classes in UG?
Quillinit
11:58
ah okay, sorry homie that's rough
it's fine i got into one of my top choices so im really happy
Quillinit
11:58
<3 happy for you
getting into cornell is hugeee
ayyyyy
Quillinit
11:59
^^^^^ would love to get into Cornell lmao
Quillinit
11:59
or anywhere!
you got it, believeeee
12:06
@letsseehowitgoesnow: you okay?
12:08
@ KnowledgeableRitzyWasp did u withdraw frm all your classes for two years or just a few? i have 2 W's
12:23
listening to the front bottoms at the gym again ist es over fur mich?
My wife and I saw TFB with manchester orchestra the night before thanksgiving a few years back and it was pretty damn choice
shaquilleoatmeal
12:27
yoo lets dawg what happened, you good?
12:28
breakup
12:28
happens to the best of us
12:28
@UnsuitableMaliciousHedgehog: that’s so fucking sick
rough night and morning with ex :/. we broke up but we live together
shaquilleoatmeal
12:29
damn ;/ it is break up season dawg, i'm sorry you're going through that
12:29
it really is breakup season
shaquilleoatmeal
12:29
i lived with my ex for 3 months after we broke up and it was brutal. If you can move out quicker rather than later
thanks shaq! i just needed some input from people who are looking from the outside in
im gonna pack up my stuff and leave for a few days when i get off work
12:31
sometimes I think about things my ex said and did to me and a year later it still makes me so sad that I ever let myself be treated that way
shaquilleoatmeal
12:32
yee bud clear your head how you need, shit sometimes even just driving with no destination and some sad ass music can get you through this
shaquilleoatmeal
12:32
you grow through what you go through bunny, you know for the next relationship what you deserve
I want to run you guys through a scenario to see what yall think. Go to off topic for the one time lol
12:34
gotchu
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