Search results
Results from the WOW.Com Content Network
Provisional liquidation is a process which exists as part of the corporate insolvency laws of a number of common law jurisdictions whereby after the lodging of a petition for the winding-up of a company by the court, but before the court hears and determines the petition, the court may appoint a liquidator on a "provisional" basis. [1]
The United States District Court for the Eastern District of Illinois was created on March 3, 1905, by 33 Stat. 992, [4] by splitting counties out of the Northern and Southern Districts. It was later eliminated in a reorganization on October 2, 1978, which replaced it with a Central District, 92 Stat. 883 , [ 4 ] formed primarily from parts of ...
In most jurisdictions, a liquidator's powers are defined by statute. [3] Certain powers are generally exercisable without the requirement of any approvals; others may require sanction, either by the court, by an extraordinary resolution (in a members' voluntary winding up) or the liquidation committee or a meeting of the company's creditors .In the United Kingdom, see sections 165-168 of the ...
[1] Liquidation may either be compulsory (sometimes referred to as a creditors' liquidation or receivership following bankruptcy, which may result in the court creating a "liquidation trust"; or sometimes a court can mandate the appointment of a liquidator e.g. wind-up order in Australia) or voluntary (sometimes referred to as a shareholders ...
[1] [2] The compilation organizes the general Acts of Illinois into 67 chapters arranged within 9 major topic areas. [3] The ILCS took effect in 1993, replacing the previous numbering scheme generally known as the Illinois Revised Statutes (Ill. Rev. Stat.), the latest of which had been adopted in 1874 but appended by private publishers since. [3]
A liquidating distribution (or liquidating dividend) is a type of nondividend distribution made by a corporation or a partnership to its shareholders during its partial or complete liquidation. [1] Liquidating distributions are not paid solely out of the profits of the corporation. Instead, the entire amount of shareholders' equity is ...
The motion is decided by a judge in both civil and criminal proceedings. It is frequently used at pre-trial hearings or during trial , and it can be used at both the state and federal levels. Black's Law Dictionary (8th ed. 2004) defines "motion in limine " as "a pretrial request that certain inadmissible evidence not be referred to or offered ...
Civil cases appealed from the Illinois Appellate Court are heard by the Supreme Court of Illinois upon the grant of a Petition for Leave to Appeal under Illinois Supreme Court Rule 315, [5] a Certificate of Importance under Illinois Supreme Court Rule 316, [6] or a Petition for Appeal as a Matter of Right under Illinois Supreme Court Rule 317. [7]