Expropriation

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Expropriation

The official seizure by a government of private property. Any government has the right to seize such property, according to international law, if prompt and adequate compensation is given. Sometimes referred to as nationalization.

Expropriation

The act of a government or, rarely, a private organization taking property away from its owner(s). Generally speaking, expropriation implies that the owner will be compensated for the loss, though not always at fair market value. Compensation does not always occur when citizens have little legal protection against government takeovers.

expropriation

The seizure of private property for public use by condemnation.

References in periodicals archive ?
The remaining resolutions were all requisitioned by Mr.
Acting through his lawyers, Jim Sinclair, sent in a letter to the Vancouver Stock Exchange on December 21, 1995 stating, "it would not be in the best interests of all shareholders of Sutton for the board of directors to undertake, or for the VSE to sanction, any proposed transaction that could materially affect the business or share capital of Sutton, pending the holding of the requisitioned meeting.