definition of forfeiture of shares
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forfeiture Definition of forfeiture. 1  1 : the act of forfeiting : the loss of property or money because of a breach of a legal obligation assets subject to forfeiture. 2  2 : something (such as money or property) that is forfeited : penalty.
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- Forfeit (baseball) In rare cases, baseball games are forfeited, usually when a team is no longer able to play. In the event of forfeiture, the score is recorded as 9-0, as stated in rule 2.00 of the Major League Baseball Rules Book.
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Asset Forfeiture Abuse Police abuse of civil asset forfeiture laws has shaken our nation’s conscience. Civil forfeiture allows police to seize — and then keep or sell — any property they allege is involved in a crime. Owners need not ever be arrested or convicted of a crime for their cash, cars, or even real estate to be taken away permanently by the government.
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Forfeit From BR Bullpen. A forfeit is a game which is ended by the umpire because of a severe rule violation by one team. The team in violation is automatically the loser and the other team is the winner.
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Escheat Law and Legal Definition Escheat Law and Legal Definition. Escheat is the reversion of property to a government entity in the absence of legal claimants or heirs. Escheat is the forfeiture of all property (including bank accounts) to the state treasury if there are no heirs, descendants or named beneficiaries to take the property upon the death of the last known owner.
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forfeit To lose to another person or to the state some privilege, right, or property due to the commission of an error, an offense, or a crime, a breach of contract, or a neglect of duty; to subject property to confiscation; or to become liable for the payment of a penalty, as the result of a particular act.
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- Recent Examples of forfeiture from the Web. 1  The money will come from the Bureau of Criminal Investigation (BCI) asset forfeiture/cost reimbursement funds. 2  Asset forfeiture disproportionately victimizes the poor, racial minorities, and others who lack resources and political clout.
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2017 Minnesota Statutes (d) If the court determines that a person convicted of a stalking crime under this section owns or possesses a firearm and used it in any way during the commission of the crime, it shall order that the firearm be summarily forfeited under section 609.5316, subdivision 3.
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forfeit forfeits, (used with a singular verb) a game in which such articles are taken from the players. to subject to seizure as a forfeit. to lose or become liable to lose, as in consequence of crime, fault, or breach of engagement. lost or subject to loss by forfeiture.
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- Policing for Profit: The Abuse of Civil Asset Forfeiture chronicles how state and federal laws leave innocent property owners vulnerable to forfeiture abuse while encouraging law enforcement to take property to boost their budgets. The bill would abolish the equitable sharing program for civil forfeiture, which allows local and state law enforcement agencies to circumvent stronger state restrictions by teaming up with federal agencies to pursue forfeitures under more lucrative federal law.
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- Bids will be accepted in person beginning April 19, 2017 -Monday through Friday from 9:00 a.m. until 4:00 p.m. in the Berkeley County Treasurer's Office or may be submitted via certified mail marked Confidential - FLC Bid and addressed to: Berkeley County Forfeited Land Commission. PO Box 6122. Moncks Corner, SC 29461.
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memo entry definition For example, assume that a corporation has 100,000 shares of $0.50 par value common stock before a 2-for-1 stock split. At the time of the split a memo entry would be entered in the records stating that after the 2-for-1 stock split, the corporation has 200,000 shares of $0.25 par value common stock outstanding. No dollar amounts would be posted to the accounts in the general ledger.
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- Define forfeited. forfeited synonyms, forfeited pronunciation, forfeited translation, English dictionary definition of forfeited. tr.v. for·feit·ed , for·feit·ing , for·feits 1. To lose or give up on account of an offense, error, or failure to fulfill an agreement: The other team did...
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forfeitverb  [ T] forfeit meaning, definition, what is forfeit: to lose the right to do or have something because you have broken a rule: . Learn more.
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When Stock is Vested Generally, stock is vested when you have a right to keep it — even if you can't sell it right away. If you acquire stock from your employer, the tax consequences depend on whether the stock is vested. In the language of the IRS, the question is whether you have a substantial risk of forfeiture. These words have a special meaning. In general you have a substantial risk of forfeiture — and your stock isn't vested — if termination of your employment would cause you to lose some or all of the value of your stock.
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- The property subject to forfeiture is limited to articles such as those that are subject to the tax on alcohol, tobacco, and firearms, the raw materials and equipment used to manufacture them, packaging materials, and vehicles used to transport them.
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Christopher Meloni On Leaving âLaw And Order: SVU,â âTrue Bloodâ And More Christopher Meloni fans have been happy to see the actor back on TV this summer on True Blood after he left Law and Order: SVU last season. Meloni, who played Detective Elliot Stabler for an impressive 12 years, recently told Vulture that the role took a bit of a toll on him.
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- WHAT DOES FORFEITURE MEAN? Forfeiture is a criminal, civil, or administrative procedure used by the state to seize and dispose of property used in the commission of an offense. Florida has several forfeiture statutes: (1) Motor and Other Fuel Taxes. All conveyances, boats, and other vehicles
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Part I: Policing for Profit Federal and most state laws allow both civil and criminal asset forfeitures. In civil asset forfeiture, action is taken against a person’s property or assets, not against an individual. A person’s property is the target of the legal proceeding, and the owner is secondary.
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forfeiture The involuntary relinquishment of money or property without compensation as a consequence of a breach or nonperformance of some legal obligation or the commission of a crime. The loss of a corporate charter or franchise as a result of illegality, malfeasance, or Nonfeasance.
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Forfeitures â How do they affect you as a Plan Participant? Posted on January 12 2010 by admin. 401K plan forfeitures occur when a participant terminates employment (voluntarily or involuntarily) prior to satisfying the required Service Years to become fully vested in his/her account. Required Service Years will vary by plan, but can be found in your Summary Plan Description.
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Part 9. Criminal Investigation (1) Subsection 9.7.2.7.3(3) is re-written in accordance with The Executive Office of Asset Forfeiture, Department of the Treasury (TEOAF) issued Directive No. 34, Policy Limiting the Federal Adoption of Seizures by State and Local Law Enforcement Agencies, dated January 16, 2015.
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A Comparison of Federal Civil and Criminal Forfeiture Procedures: Which Provides More Protections for Property Owners? 1. Civil forfeiture generally affords greater procedural rights than criminal forfeiture affords. If property is seized pursuant to a warrant of seizure under 21 U.S.C. § 853(f), there is no time limit except the criminal statute of limitations (typically five years) for seeking criminal forfeiture.
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- Here are all the possible meanings and translations of the word forfeit. Princeton's WordNet(4.50 / 2 votes)Rate this definition: forfeit, forfeiture(noun) something that is lost or surrendered as a penalty; forfeit, forfeiture(noun) a penalty for a fault or mistake that involves losing or giving up something.
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Asset forfeiture Asset forfeiture or asset seizure is a form of confiscation of assets by the state. It typically applies to the alleged proceeds or instruments of crime. This applies, but is not limited, to terrorist activities, drug related crimes, and other criminal and even civil offenses. Some jurisdictions specifically use the term confiscation instead of forfeiture. The purpose of asset forfeiture is to disrupt criminal activity by confiscating assets that potentially could have been beneficial to the individual or organization.
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- you are heretaxes property tax property tax forfeiture and foreclosure real property tax delinquency entails a three year forfeiture and foreclosure process in michigan parcels are forfeited to the county treasurers when the real property taxes are in the second year of delinquency