This name is given to that kind of deposit, where the thing deposited need not be returned; as, where a man deposits, in the usual way, money in bank for safe keeping, for in this case the title to the identical money becomes vested in the bank, and he receives in its place other money. … [Read more...]
IRREVOCABLE TRUST
A permanent trust that, once created, cannot be changed or revoked. … [Read more...]
IRREGULAR HEIR
In Louisiana, irregular heirs are those who are neither testamentary nor legal, and who have been established by law to take the succession. See Civ. Code of Lo. art. 874. When the deceased has left neither lawful descendants nor ascendants, nor collateral relations, the law calls to his inheritance either the surviving husband or wife, or his or her natural children, or the … [Read more...]
IRRIGATION
The operation of watering lands for agricultural purposes by artificial means. Irrigation company. A private corporation, authorized and regulated by statute in several states, having for its object to acquire exclusive rights to the water of certain streams or other sources of supply, and to convey, it by means of ditches or canals through a region where it can be beneficially … [Read more...]
IRREGULARITY
Violation or non-observance of established rules and practices. The want of adherence to some prescribed rule or mode of proceeding; consisting either in omitting to do something that is necessary for the due and orderly conducting of a suit, or doing it In an unseasonable time or improper manner. "Irregularity" is the technical term for every defect in practical proceedings, … [Read more...]