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Simple English definitions for legal terms

L–CLAIM PROCEEDING

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A quick definition of L–CLAIM PROCEEDING:

An L-Claim proceeding is a legal hearing that takes place under the Racketeer Influenced and Corrupt Organizations Act. The purpose of this hearing is to make sure that any property that is ordered to be forfeited belongs only to the defendant. If a third party believes they have a claim to the property, they can file a petition for an L-Claim proceeding. However, this is not a way for multiple parties to divide the assets among themselves, and general creditors of the defendant are not allowed to file a petition. The name "L-Claim" comes from the legal basis for this proceeding, which is found in subsection l of RICO's penalty provision.

A more thorough explanation:

Definition: An L-Claim proceeding is a legal hearing that takes place under the Racketeer Influenced and Corrupt Organizations Act (RICO). The purpose of this hearing is to ensure that any property that has been ordered to be forfeited belongs solely to the defendant. This means that a third party who claims an interest in the property can file a petition for an L-Claim proceeding. However, the purpose of this hearing is not to divide the assets among competing claimants, and general creditors of the defendant are not allowed to maintain an L-Claim petition. The name "L-Claim" refers to its legal basis in subsection l of RICO's penalty provision. (18 USCA § 1963(l)(2))

Example: Let's say that a person is convicted of a crime and ordered to forfeit their car. However, the car is jointly owned by the defendant and their spouse. In this case, the spouse could file an L-Claim petition to prove that they have a legal interest in the car and that it should not be forfeited.

Explanation: This example illustrates how a third party can file an L-Claim petition to claim an interest in property that has been ordered to be forfeited. In this case, the spouse is not a competing claimant, but rather has a legal interest in the car that should be recognized.

LC | leading-object rule

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
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
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