Legal Definitions - list

In legal contexts, the term "list" can function as both a noun and a verb, referring to a formal compilation of items or the act of formally recording or registering something.

As a Noun:

A formal compilation, register, or inventory of items, names, or information, often maintained for official purposes or record-keeping. In a legal setting, it frequently refers to an official schedule or detailed inventory.

• Example 1: During a bankruptcy proceeding, the debtor is required to submit a comprehensive list of all their creditors, detailing who they owe money to and the amount of each debt.
• Explanation: This list serves as an official record for the court and the bankruptcy trustee, outlining all parties to whom the debtor has financial obligations, which is crucial for the fair distribution of assets.

As a Verb:

To formally record, register, or include something in a compilation, schedule, or public offering.

• Example 1 (Real Estate): A homeowner decided to list their property for sale with a licensed real estate agent, signing an agreement that allows the agent to market the house to potential buyers.
• Explanation: By listing the property, the owner formally authorizes its public offering for sale through a professional agent, making it visible and available to the market.
• Example 2 (Securities): A rapidly growing technology company, after meeting all regulatory requirements, chose to list its shares on a major stock exchange to enable public trading and raise capital.
• Explanation: To list shares on an exchange means to formally register them with that exchange, making them available for purchase and sale by investors in the public market, subject to the exchange's rules.
• Example 3 (Court Proceedings): After a new lawsuit was filed and initial procedural steps were completed, the court clerk proceeded to list the case on the court's upcoming calendar for a preliminary hearing.
• Explanation: Here, to list means to formally enter the case into the official schedule of court proceedings, indicating its readiness for judicial action and assigning it a specific date and time for review.