What Is Meant by Provision in Law

/What Is Meant by Provision in Law

What Is Meant by Provision in Law

For example, an anti-greenmail provision is a type of contractual provision contained in the bylaws of some companies that prevents the board of directors from paying a premium to a business thief for abandoning a hostile takeover bid. For example, the National Security Agency`s (NSA) power to collect mass phone metadata under the USA PATRIOT Act expired at midnight on June 1, 2015. All investigations started before the expiry date were completed. Many expired parts of the Patriot Act have been extended with the USA Freedom Act until 2019. However, the provision that allows government agencies to collect massive phone data has been replaced by a new provision that this data must be stored by phone service providers. A provision is included in the document. “Precaution” is defined as making plans to deal with a possible event in the future, or in a formal context such as a law or agreement to make something happen or exist. That something can relate to anything – a certain action that must or must not happen, a condition, etc. “That it happens” means becoming reality as indicated in the sense of the state described (specified whether it happens or does not happen).

This would make arrangements for the Levites as well as for five men of the tribes. This practice of sunset has its parallel in business. For example, a sunset provision in an insurance policy limits a claimant`s time to make a claim for a covered risk. If the claimant does not act within the time limit, the right to assert the claim expires. When he had a supply of provisions on hand, he always pursued the goats as usual, but only for his personal satisfaction. This provision provides first-time offenders with what is known as pre-trial intervention. In a legal document, a provision is usually a dedicated section that describes or specifies an action or condition. It may contain words like “should” or “should not” (although this is not a requirement). But here`s the catch. Relevant information is not always fully contained in the sentences of the “provision”. For example, there may be an introductory section that describes the different players.

It may or may not be a factual provision according to a legal definition, but it could define whether a provision is applicable to a particular party. I would therefore say all the circumstances that must occur. This will depend, of course, on the particular case that is indicated. ** Think about the timing of the case, because because of this provision, only certain provisions apply from a certain date: domestic violence education groups rejected the provision, saying it would discourage victims from coming forward. It would strengthen data protection rules, provide for tougher penalties and possibly create a new law enforcement agency. Middle English, Anglo-French, Late Latin and Latin; Late Latin disposition, provisional act of disposition, from Latin, provident, providäre, to be forward-looking – more to provide contractual provisions can be found in the laws of a country, in loan documents and in contractual agreements. They can also be found in the fine print that accompanies purchases from certain stocks. “Assigned revenue” means an administrative or legislative measure by which revenue from a tax, fee, contribution or other source is allocated to an account of the Special Fund for State Revenue as defined in 17-2-102 or to a local government. If an obligation includes a flexible call clause, the procedure comes into force after the expiry of the provision period for fixed calls. Flexible call protection is usually a premium to the face value that the issuer pays to call the bond before maturity. For example, after reaching the notification date, the issuer may pay a 3% premium to recover the bonds for the following year, a 2% premium for the following year, and a 1% premium for the call on the bonds more than two years after the hard call expires. Note the need for fireplaces, windows and screened doors, and food storage arrangements.

Here is an example of a state law (Montana) that defines a particular provision: For a task of identifying all the “provisions” applicable to a case, the useful meaning would be all the sections of the document that are relevant to the case. In his view, Rio Tinto has not addressed this provision of comprehensive sanctions against Iran. Many laws are drafted with a sunset clause that automatically repeals them on a specific date, unless Parliament passes it again. A sunset clause provides for the repeal of the entire act – or parts of the act – once a certain date is reached. There was a provision in the Union Conscription Act of 1863 that allowed wealthy men to pay $300 to redeem themselves from service. Tax evasion comes with a maximum penalty of five years, so it`s likely that Grimm will fall under the provision. Assembly Bill 3216 also contains provisions that allow laid-off workers to return to work, even if an employer or business changes ownership. .

By |2022-04-15T22:27:59+00:00abril 15th, 2022|Sem categoria|0 Comentários

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