When a company does not have sufficient cash to carry on its business, usually used to describe starting businesses where the owners or incorporators do not place enough cash in deposit to run the business. … [Read more...]

law of Louisiana. In every tutorship, there shall be an undertutor, whom it shall be the duty of the judge to appoint at the time letters of tutorship are certified for the tutor. 2. It is the duty of the under-tutor to act for the minor, whenever the interest of the minor is in opposition to the interest of the tutor. … [Read more...]

Two officers who cleaved the tallies written by the clerk of the tallies, and read the same, that the clerk of the pell and comptrollers thereof might see their entries were true. They also made searches for records in the treasury, and had the custody of Domesday Book. Cowell. The office is now abolished. … [Read more...]

To provide a guarantee that all the shares of an initial public offering or issuance of stock will be purchased by the public or covered by an underwriter. A guarantee of an investment. … [Read more...]

When an insured person does not have sufficient coverage to meet the needs of damages that result from an accident or for coinsurance requirements. … [Read more...]