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BY-LAWS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Regulations, ordinances, or rules enacted by a private corporation for its own government A by law is a rule or law of a corporation, for its government, and is a legislative act, and the solemnities and sanction required by the charter must be observed. A resolution is not necessarily a by law though a by law may be in the form of a resolution Peck v. Elliott, 79 Fed. 10, 24 … [Read more...]

BYPASS TRUST

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A special trust designed to reduce the overall estate tax liability by passing over one person who would normally be taxed. The most common is an AB trust. … [Read more...]

BY-ROAD

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The statute law of New Jersey recognizes three different kinds of roads: A public road, a private road, and a byroad. A by road is a road used by the inhabitants, and recognized by statute, but not laid out. Such roads are often called "driftways." They are roads of necessity in newly settled countries. Van Blarcom v. Frike, 29 N. J. Law, 516. See, also, Stevens v. AUen, 29 N. … [Read more...]

BURSARIA

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The exchequer of collegiate or conventual bodies; or the place of receiving, paying, and accounting by the bursars. Also stipendiary scholars, who live upon the burse, fund, or joint stock of the college. … [Read more...]

BUSINESS RECORDS EXCEPTION

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

This is an exception to the hearsay rule (which doesn't admit testimony based upon someone's direct knowledge but a statement of what a third party stated) and it allows a business document to be admitted into evidence assuming there is a proper foundation (such as the fact that these records were created in the routine, ordinary course of business without question of another … [Read more...]

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