16:50
i cant imagine cornell keeping track of who goes to the lets talk
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LSDefine
Simple English definitions for legal terms
termination proceeding
Read a random definition: debt-management plan (DMP)
A quick definition of termination proceeding:
A termination proceeding is when someone's status or relationship is ended by an administrative action. This can happen if someone or a company is convicted of a crime like money-laundering. For example, the International Banking Board can start a termination proceeding if a foreign bank or its U.S. agency or branch is convicted of money-laundering.
A more thorough explanation:
A termination proceeding is an administrative action taken to end a person's or entity's status or relationship. This can happen for various reasons, such as a violation of laws or regulations.
For example, under the International Banking Act, the International Banking Board has the authority to initiate a termination proceeding if a foreign bank or its U.S. agency or branch is found guilty of money-laundering. This means that the bank's status or relationship with the U.S. may be terminated as a result of their illegal actions.
Another example could be a termination proceeding initiated by an employer against an employee who has repeatedly violated company policies or engaged in misconduct. In this case, the employee's employment status may be terminated as a result of their actions.
Overall, termination proceedings are a way for authorities to take action against individuals or entities who have violated laws or regulations, and to end their status or relationship as a consequence.