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LSDefine

Simple English definitions for legal terms

lawful interest

Read a random definition: declaratory statute

A quick definition of lawful interest:

Lawful interest: This means something that someone has a right to, like money or property. It can also mean the benefit or advantage someone gets from something. For example, if you lend someone money, they have to pay you back with interest, which is a little bit extra money that you get as a benefit for lending them the money.

A more thorough explanation:

Definition: Lawful interest refers to the legal share or right in something, often of a financial nature, that a person or entity is entitled to. It can include any aggregation of rights, privileges, powers, and immunities, or refer to any one right, privilege, power, or immunity.

Examples:

  • Beneficial interest: A person with a beneficial interest in a trust receives income from the trust but does not hold legal title to the trust property.
  • Controlling interest: Sufficient ownership of stock in a company to control policy and management; for example, a greater-than-50% ownership interest in an enterprise.
  • Equitable interest: An interest held by virtue of an equitable title or claimed on equitable grounds, such as the interest held by a trust beneficiary.

These examples illustrate how lawful interest can refer to different types of rights or claims, such as receiving income from a trust, controlling a company, or holding an interest in a trust as a beneficiary. In each case, the person or entity has a legal entitlement to something, whether it is a share of profits or a right to make decisions.

lawful heir | lawful man

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
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.
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