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by operation of law |
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by operation of law A method of acquiring rights in real estate without any specific intention or even knowledge on the part of the owner. Spouses may gain rights through homestead, dower (widow's rights),curtesy (widower's rights), or community property statutes. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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On the commencement of a bankruptcy action, an automatic stay arises by operation of law. It is possible that, as a result of AB 205's passage, millions of dollars in separate property were converted into community property by operation of law. By operation of law, the assets of T and P become assets of a new entity ("Amalco"), P and T cease their separate existence, and SH and the P shareholders receive shares of Amalco stock as consideration. |
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