DERELICT-OFFICIAL ACT

derelict-official act.A statute that mandates forfeiture of office if the holder willfully neglects or fraudulently fails to perform official duties. [Blacks Law 8th]

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DERELICTION

dereliction (der-<<schwa>>-lik-sh<<schwa>>n), n.1. Abandonment, esp. through neglect or moral wrong. dereliction in the performance of duties.Military law. Willful or negligent failure to perform assigned  duties;  culpable  inefficiency  in  performing  assigned  duties.  [Cases:  Military  Justice 687. C.J.S. Military Justice § 68.] 2.  An  increase  of  land  caused  by  the  receding  of  a  sea,  river,  or  stream …

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DERELICT

derelict  (der-<<schwa>>-likt),  adj.1.  Forsaken;  abandoned;  cast  away  <derelict  property>. See  quasi-derelict  under  DERELICT.  2.  Lacking  a  sense  of  duty;  in  breach  of  a  legal  or  moral obligation <the managers were derelict in their duties>. derelict,n.1.  Personal  property  abandoned  or  thrown  away  by  the  owner  with  no  intent  to claim it any longer, such as a…

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DE REI GESTAE VERITATE

de rei gestae veritate (dee ree-Ijes-tee ver-i-tay-tee). [Law Latin] Scots law. Of the truth of the thing done. • A witness to a deed that had been lost could testify to the deed’s existence and to the truthfulness of the statements contained in it. [Blacks Law 8th]

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DEREGULATION CLAUSE

deregulation clause.Oil & gas. A gas-contract provision specifying how the price of gas will be calculated and what the buyer’s and seller’s obligations will be if regulated natural gas becomes deregulated.[Blacks Law 8th]

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DEREGULATION

deregulation,n.  The  reduction  or  elimination  of  governmental  control  of  business,  esp.  to permit free markets and competition. — deregulate,vb. financial  deregulation.The  lessening  of  governmental  oversight  and  intervention  in  the business of financial institutions. • Among other effects, regulation of financial contracts is relaxed and competition for depositors and borrowers increases. [Blacks Law 8th]

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DEREGISTRATION

deregistration,n.  The  point  at  which  an  issuer’s  registration  under  §  12  of  the  Securities Exchange Act of 1934 is no longer required because of a decline in the number of holders of the issuer’s securities. 15 USCA § 78l. Cf. DELISTING. [Cases: Securities Regulation    35.22. C.J.S. Securities Regulation §§ 112–114.] — deregister,vb. [Blacks Law 8th]

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DE REDISSEISINA

de redisseisina (dee ree-dis-see-zin-<<schwa>>), n.[Law Latin “of redisseisin”] Hist. A writ for recovery of land or rent by a person who had previously recovered the land or rent by an assize of novel disseisin, but who was again disseised by the same disseisor. • This writ is similar to de post disseisina. See DE POST…

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DE RECTO PATENS

de recto patens (dee rek-toh pay-tenz), n.[Law Latin “of right patent”] Hist. The highest writ of right under the law given to an owner in fee simple to recover the possession and use of land from the freehold tenant. — Also termed breve magnum de recto. [Blacks Law 8th]

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DE RECTO DE RATIONABILI PARTE

de    recto    de    rationabili    parte    (dee    rek-toh    dee    rash-[ee]-<<schwa>>-nay-b<< schwa>>-lIpahr-tee),  n.[Law  Latin  “of  right  of  reasonable  part”]  Hist.  A  writ  allowing  one coparcener or blood relative owning land in fee simple to obtain a rightful share from the other. • It was abolished by St. 3 & 4 Will. 4, ch. 27. [Blacks Law 8th]

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