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LSDefine

Simple English definitions for legal terms

L–CLAIM PROCEEDING

Read a random definition: Uniform Gifts to Minors Act

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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join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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