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NONPROBATE

by Law Professor

The portion of a deceased person's estate that passes to others in a way other than probate, for example, joint property with a right of survivorship, joint tenancy ownership, living trusts and life insurance proceeds. Property that does not pass through probate is often called the nonprobate estate. Nonprobate distribution may also occur should an issue arise where the … [Read more...] about NONPROBATE

NONSTOCK CORPORATION

by Law Professor

A corporation which doesn't use shares of stock for ownership, which is determined as stated within a membership agreement. … [Read more...] about NONSTOCK CORPORATION

NONPROFIT

by Law Professor

Actions carried out for purposes other than to make a profit such as charitable purposes. … [Read more...] about NONPROFIT

NONSUIT

by Law Professor

Not following up the cause; failure on the part of a plaintiff to continue the prosecution of his suit An abandonment or renunciation of his suit, by a plaintiff, either by omitting to take the next necessary steps, or voluntarily relinquishing the action, or pursuant to an order of the court. An order or judgment, granted upon the trial of a cause, that the plaintiff has … [Read more...] about NONSUIT

NONDELIVERY

by Law Professor

Failure to deliver, usually by a carrier or common carrier such as a recognized mail carrier. … [Read more...] about NONDELIVERY

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