Eminent Domain

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Eminent Domain

The right of a government to force the sale of real estate by a private individual or corporation in certain cases. For example, if a municipality is building a road, it may exercise eminent domain to purchase the land along which the road is going to run. While the private owners are paid for these purchases, they may not refuse to sell. The term is most common in the United States. The concept is called compulsory purchase in the United Kingdom and compulsory acquisition in Australia.

eminent domain

The power of government to take land for the public good with the payment of just compensation.See condemnation.

Eminent Domain

The right of a government authority to take private property for public use and paying fair compensation to the owner.
References in periodicals archive ?
In particular, this news release contains forward-looking statements with respect to, among other things, without limitation, the timing of the payment for the Common Shares taken up pursuant to the Offer and the completion of the compulsory acquisition.
initiate a compulsory acquisition procedure under the Swedish Companies Act to
Upon completion of the compulsory acquisition, Gerber intends to de-list the Common Shares from the Toronto Stock Exchange and to cause Virtek to cease to be a reporting issuer.
NOC") pursuant to the compulsory acquisition provisions of the Business Corporations Act (British Columbia) (the "Compulsory Acquisition").
Serco now announces that it has posted the compulsory acquisition notices,
TeliaSonera now owns 100 percent of NextGenTel following the compulsory acquisition announced 12 June 2006.
Since Direct Energy has acquired more than 90% of the outstanding Rockyview common shares under the Offer, Direct Energy intends to acquire all the remaining Rockyview common shares not deposited under the Offer by means of a compulsory acquisition under the Business Corporations Act (Alberta).
As the Offeror has acquired not less than 90 percent of the outstanding Titan Class A Shares, on a fully diluted basis, the Offeror intends to acquire all remaining Titan Class A Shares not tendered to the Offer by way of compulsory acquisition pursuant to the Business Corporations Act (Alberta).
The redemption price in the compulsory acquisition is equal to the public offer price.
The Offeror will mail a Notice of Compulsory Acquisition to all shareholders of ORTHOsoft whose Shares have not been deposited under the Offer, as extended.
After the extension, Lawson intends to initiate compulsory acquisition proceedings regarding the shares that have not been tendered in the Exchange Offer.