CLAUSA REBUS SIC STANTIBUS

clausa  rebus sic stantibus  (klawz-<<schwa>> ree-b<<schwa>>s sik stan-t<< schwa>>-b<<schwa>>s). [Law Latin] Int’l law. 1. A treaty provision stating that the treaty is binding only as long as the circumstances in existence when the treaty was signed remain substantially the same. 2. A doctrine by which the law supplies such a provision to a treaty that…

Read More

CLASS OF STOCK

class of stock.A category of corporate shares used when more than one type of stock is issued.See preferred stock and common stock under STOCK. [Cases: Corporations  62. C.J.S. Corporations §§ 126, 128, 148–151.] [Blacks Law 8th]

Read More