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Trustees Executors
Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility to transfer the title of ownership to the person named as the new owner, in a trust instrument, called a beneficiary. A trustee can also be a person who is allowed to do certain tasks but not able to gain income, although that is untrue.''Black's Law Dictionary, Fifth Edition'' (1979), p. 1357, . Although in the strictest sense of the term a trustee is the holder of property on behalf of a beneficiary, the more expansive sense encompasses persons who serve, for example, on the board of trustees of an institution that operates for a charity, for the benefit of the general public, or a person in the local government. A trust can be set up either to benefit particular persons, or for any charitable purposes (but not generally for non-charitab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Term
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Victorian Law Reports
The Victorian Reports (VR) are a series of law reports which report significant cases from the Supreme Court of Victoria in its first decisions and appeal decisions jurisdictions. The reports were initially titled the Victorian Law Reports (VLR) (1875 to 1956), before adopting their present title in 1957. Earlier equivalent reports, published between 1847 and 1851, had been known as "Williams practice cases" and "A'Beckett's reserved judgments". In 2016, Little William Bourke commenced publishing the Victorian Reports. The new portal contains both the VRs and the VLRs (1875 to date) in a searchable format. See also * List of Law Reports in Australia Law reports covering the decisions of Australian Courts are collections of decisions by particulars courts, subjects or jurisdictions. A widely used guide to case citation in Australia is the ''Australian Guide to Legal Citation'', published ... References Supreme Court of Victoria Case law reporters {{Austr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Of The Scottish Charity Regulator
The Scottish Charity Regulator (OSCR) is a non-ministerial department of the Scottish Government with responsibility for the regulation of charities in Scotland. OSCR is the independent regulator and registrar for more than 24,000 Scottish charities. OSCR is charged with developing a regulatory framework for Scottish charities, where each charity is clear about is rights and responsibilities. This framework should also foster public confidence in charities. OSCR is directly answerable to the Scottish Parliament. OSCR is based in Dundee. Background In 1981 the Law Society of Scotland announced support for a register through which all charities in Scotland could record their purposes, financial details and accounts. Under section 6 of the Law Reform (Miscellaneous Provisions) (Scotland) Act 1990, the Lord Advocate was given the power to make enquiries either for general or specific purposes and to obtain various types of information from charities. Following the Scotland Act an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charity Commission
, type = Non-ministerial government department , seal = , seal_caption = , logo = Charity Commission for England and Wales logo.svg , logo_caption = , formed = , preceding1 = , dissolved = , jurisdiction = England and Wales , headquarters = Petty France, London , region_code = GB , coordinates = , employees = 420 , budget = £22.9 million (2016–2017) , minister1_name = Michelle Donelan , minister1_pfo = , chief1_name Orlando Fraser QC, chief1_position = Chair , chief2_name Helen Stephenson CBE, chief2_position = Chief Executive , chief3_name = , chief3_position = , chief4_name = , chief4_position = , chief5_name = , chief5_position = , chief6_name = , chief6_position = , chief7_name = , chief7_position = , chief8_name = , chief8_position = , chief9_name = , chief9_position = , parent_department = ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charities Act 1993
The Charities Act 2011c 25 is a UK Act of Parliament. It consolidated the bulk of the Charities Act 2006, outstanding provisions of the Charities Act 1993, and various other enactments. Repeals Legislation repealed in its entirety by the 2011 Act include the Recreational Charities Act 1958, Charities Act 1993, Charities (Amendment) Act 1995, Charities Act 1993 (Substitution of Sums) Order 1995, Charities Act 2006 (Charitable Companies Audit and Group Accounts Provisions) Order 2008, and Charities (Pre-consolidation Amendments) Order 2011. Amendments were made to other legislation. It replaces most of the Charities Act 1992 and Charities Act 2006. See also *English trust law English trust law concerns the protection of assets, usually when they are held by one party for another's benefit. Trusts were a creation of the English law of property and obligations, and share a subsequent history with countries across the ... * Charitable trusts in English law Notes References ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stockholder
A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation. A person or legal entity becomes a shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and unless required by law the corporation is not required or permitted to enquire as to the beneficial ownership of the shares. A corporation generally cannot own shares of itself. The influence of a shareholder on the business is determined by the shareholding percentage owned. Shareholders of a corporation are legally separate from the corporation itself. They are generally not liable for the corporation's debts, and the shareholders' liability ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporation
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue stock, or by whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or '' sole'' (a legal entity consisting of a single incorporated office occupied by a single natural person). One of the most att ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Depositor
A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is recorded as a liability of the bank and represents an amount owed by the bank to the customer. In other words, the banker-customer (depositor) relationship is one of debtor-creditor. Some banks charge fees for transactions on a customer's account. Additionally, some banks pay customers interest on their account balances. Types of accounts * How banking works In banking, the verbs "deposit" and "withdraw" mean a customer paying money into, and taking money out of, an account, respectively. From a legal and financial accounting standpoint, the noun "deposit" is used by the banking industry in financial statements to describe the liability owed b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Students' Union
A students' union, also known by many other names, is a student organization present in many colleges, universities, and high schools. In higher education, the students' union is often accorded its own building on the campus, dedicated to social, organizational activities, representation, and academic support of the membership. In the United States, ''student union'' often only refers to a physical building owned by the university with the purpose of providing services for students without a governing body. This building is also referred to as a student activity center, although the Association of College Unions International (largely US-based) has hundreds of campus organizational members. Outside the US, ''student union'' and ''students' union'' more often refer to a representative body, as distinct from a ''student activity centre'' building. Purpose Depending on the country, the purpose, assembly, method, and implementation of the group might vary. Universally, the purpose of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sabbatical Officer
In the United Kingdom a sabbatical officer is a full-time officer elected by the members of a students' union (or similar body such as students' association, students' representative council or guild of students), commonly at a higher education establishment such as a university. Sabbatical officers are usually trustees of their students' union, in its capacity as a charity, and may also sit on or form the board of directors of the union. Sabbatical officers (or ‘sabbs’) are normally elected annually, for a one-year term, i.e. a ’sabbatical year’. Some students' unions allow their sabbatical officers stand for re-election for a second year. Terms of more than two years are not permitted in the UK, under the Education Act 1994. Typically, the primary requirement for candidacy (and election) is that a candidate be a member of the body of the relevant association at the time of their candidacy. Sabbatical years are either taken in between years of study (for example betwe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
