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Bylaw
Bylaw A standing rule governing the regulation of the internal affairs of a corporation or organization. RELATED TERMS-------------------------------------- Standing Maritime law. The running of a ship or other vessel on shore; it is either accidental or voluntary Rule This is a metaphorical expression borrowed from mechanics. The rule, in its proper and natural sense, is an instrument by means of which may be drawn from one point to another, the shortest possible line, which is called a straight line. Corporation A legal entity, allowed by legislation, which permits a group of people, as shareholders (for-profit companies) or members (non-profit companies), to create an organization, which can then focus on pursuing set objectives, and empowered with legal rights which are usually only reserved for individuals, such as to sue and be sued, own property, hire employees or loan and borrow money. Also known as a "company." The primary advantage of for profit corporations is that it provides its shareholders with a right to participate in the profits (by dividends) without any personal liability because the company absorbs the entire liability of the organization. SIMILAR TERMS-------------------------------------- Bylaws A standing rule governing the regulation of the internal affairs of a corporation or organization. PREVIOUS AND NEXT TERMS-------------------------------------- Bankruptcy Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. A declared state of bankruptcy can be requested or initiated by the bankrupt individual or organisation, or it can be requested by creditors in an effort to recoup a portion of what they are owed. However, in the overwhelming majority of cases, the bankruptcy is initiated by the "bankrupt" individual or organization. Bankruptcy law The area of the legal profession dealing with bankruptcy. Search for "bankruptcy" at this dictionary. Bar The body of individuals qualified to practice law in a particular jurisdiction. Business law A particular area of the legal profession dealing with business legislation and business disputes. Business and corporate law The area of law dealing with corporate matters and disputes. Bylaw Bylaws A standing rule governing the regulation of the internal affairs of a corporation or organization. Bankruptcy attorney An attorney who has specialized in bankruptcy cases. Business attorney Law professional specialized in business areas and who provides assistance in almost every aspect of a client's business, from zoning information and compliance, copyright and trademark advice to formal business incorporation and lawsuits as well as liability. Bevando Sobal, Barbara New York attorney at law. Bellissen, Sophie de English Solicitor in New York. We thank you for using the Juridical Dictionary to search for Bylaw. If you have a better definition for Bylaw than the one presented here, please let us know by making use of the suggest a term option. This definition of Bylaw may be disputed by other professionals. Our attempt is to provide easy definitions on Bylaw and any other medical topic for the public at large.
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