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A stalking horse offer, agreement, or bid is a bid for a bankrupt firm or its assets that is arranged in advance of an auction to act, in effect, as a reserve bid. [ 1 ] [ 2 ] The intent is to maximize the value of its assets or avoid low bids, as part of (or before) a court auction .
Horses must be stabled elsewhere in other seasons. This arrangement is similar to the owner renting a field or paddock for the horse, but fees are charged per horse rather than by the size of the field; also different owners' animals may be mixed. The horse owners are not responsible for maintenance of the fences and other facilities.
Ranchers shot horses to leave more grazing land for other livestock, other horses were captured off the range for human use, and some were rounded up for slaughter. [11] By the end of the 1920s, free-roaming horses mostly lived on United States General Land Office (GLO)-administered lands and National Forest rangelands in 11 Western States. [12]
A real estate contract typically does not convey or transfer ownership of real estate by itself. A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically ...
Agistment originally referred specifically to the proceeds of pasturage in the king's forests in England, but now means either: [2] the contract for taking in and feeding horses or cattle on pasture land, for the consideration of a periodic payment of money; the profit derived from such pasturing.
A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
The Waggoner Ranch is a historic ranch located 13 miles south of Vernon, Texas, in north Texas near the Red River and Oklahoma border. Founded in 1852 by Daniel Waggoner, [2] it is the largest ranch within one fence in the United States. [3] [4] The land has been used to raise crops, beef cattle, and horses and to produce oil.
A 2021 report to the Texas Legislature by the Texas Comptroller reported 509 active limitation agreements, representing an estimated $134 billion of total investment through 2019. That report indicates that for projects commencing between 2006 and 2020, local school property tax revenue reductions due to limitation agreements are approximately ...
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