1923) (bank to whom note had been pledged by its holder to secure another obligation had standing, as pledgee
, to sue to enforce the note).
This permits any "legal holder of the indebtedness, a pledgee
, an agent or a trustee" to foreclose on a defaulting borrower.
The owner (mudf) cannot claim his good on consignment because the good is at the same time pledged, which grants the pledgee
the right of retention.
IRC [section] 101(a)(2) is not applicable to amounts received by the pledgee
or assignee that are treated as a repayment of capital and are therefore generally income tax free to the extent of the outstanding debt amount.
If the pledge is not transferred to the effective possession of the pledgee
However, possession by a pledgee
was sufficient if the asset was a security.
Since the firm carries free credit balances of customers, acts as custobian of their securities, functions as pledgee
and finances margin transactions, it incurs a responsibility to its clients which involves not only the maintenance of a high degree of financial stability at all times, but the added duty of supplying the trading public a clear picture of the firm's condition.
district court in Delaware, reversing a bankruptcy court injunction against the exercise of voting rights by a pledgee
of a majority of the shares of a Chapter 11 debtor corporation, ruled that since the creditors' claims were against a parent corporation (also in Chapter 11) of the Chapter 11 debtor rather than the debtor corporation itself, the election of a new board would not result in gaining an improper advantage by one creditor of the Chapter 11 debtor over other creditors of that debtor, and that the right to elect a new board could be exercised without obtaining bankruptcy court authorization.
A backpack pin stating, "I pledge to be Tobacco-Free" is sent to the young pledgee
, and a car magnet that brags "My child took the Tobacco-Free Me pledge" is offered to parents.
Featuring never-before-seen footage and first person accounts of King's life as a 23-year old divinity student in Boston, actor Hill Harper takes viewers through the compelling account of King's iconic rise from a 1952 Alpha pledgee
to Nobel Prize-winner and leading civil rights pioneer whose impact is still felt today.
A portion of Lehman's obligations at NSCC was successfully resolved when DTCC's subsidiary, The Depository Trust Company (DTC), took the lead in working with Lehman's pledgee
bank to arrange for the release of $1.
5) Interim Dividends TOMY will distribute, prior to the merger date, interim dividends to each shareholder or registered pledgee
entered or recorded in TOMY's latest shareholder register as of September 30, 2005 at 7.