Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
A reorganization
A reorganization that involves a merger or consolidation under a specific state statute.
Articles of organization
see articles of in. Corporation.
B reorganization
See REORGANIZATION (2).
C reorganization
A reorganization in which one corporation exchanges its voting shares for substantially all the assets of another corporation.
Creorganization
See REORGANIZATION (2).
D reorganization
See REORGANIZATION (2).
E reorganization
A reorganization that involves a recapitalization.
F reorganization
A reorganization that involves a mere change in the identity, form, or place of organization of a corporation.
G reorganization
A reorganization that involves a transfer of all or part of the corporation's assets to another corporation in a bankruptcy or similar proceeding.
G reorganization.
See REORGANIZATION (2i.
International Criminal Police Organization.
An international law-enforcement group founded in 1923 and headquartered in Lyons, France. ( The organization gathers and shares information on transnational criminals with more than 180 member nations. - Also termed Interpol.
Organization
1. A body of persons (such as a union or corporation) formed for a common purpose. 2. See UNION.
Racketeer Influenced and Corrupt Organizations Act
A law designed to attack organized criminal activity and preserve marketplace integrity by investigating, controlling, and prosecuting persons who participate or conspire to participate in racketeering. ( Enacted in 1970, the federal Racketeer Influenced and Corrupt Organizations Act (RICO) applies only to activity involving interstate or foreign commerce. 18 USCA §§ 1961-1968. Since then, many states have adopted laws (sometimes called "little RICO" acts) based on the federal statute. The federal and most state RICO acts provide for enforcement not only by criminal prosecution but also by civil lawsuit, in which the plaintiff can sue for treble damages.
Reorganization
n. 1. Bankruptcy. A financial restructuring of a corporation, esp. in the repayment of debts, under a plan created by a trustee and approved by a court. See CHAPTER 11.
american federation of labor and congress of industrial organizations
a voluntary affiliation of more than 100 labor unions that operate autonomously yet benefit from the affiliation's political activities and its establishment of broad policies for the national labor movement. - abbr. afl-cio.
charitable organization
Tax. A tax-exempt organization that (1) is created and operated exclusively for religious, scientific, literary, educational, athletic, public-safety, or community service purposes, (2) does not distribute earnings for the benefit of private individuals, and (3) does not interfere in any way with political campaigns and decision-making processes. IRC (26 USCA) § 501(c)(3). - Also termed charity; 501(c)(3) organization.
exempt organization
An organization that is either partially or completely exempt from federal income taxation. See CHARITABLE ORGANIZATION.
feeder organization
Tax. An entity that conducts a business or trade for the benefit of a tax-exempt organization. ( The feeder organization is not tax-exempt. IRC (26 USCA) § 502.
haircut reorganization
A restructuring of the indebtedness that remains after a creditor forgives a portion of the debtor's obligation. 2. Tax. A restructuring of a corporation, as by a merger or recapitalization, in order to improve its tax treatment under the Internal Revenue Code. a The Code classifies the various types of reorganizations with different letters. IRC (26 USCA) § 368(a)(1). Cf. RECAPITALIZATION.
health-maintenance organization.
A group of participating healthcare providers that furnish medical services to enrolled members of a group health-insurance plan. - Abbr. HMO. Cf. PREFERRED-PROVIDER ORGANIZATION.
international organization
Int'L law. An association of countries, established by and operated according to multilateral treaty, whose purpose is to pursue the common aims of those countries. ( Examples include the World Health Organization, the International Civil Aviation Organization, and the Organization of Petroleuan hxpr,,rtsnL C:,mltr:os.
labor organization
See UNION,
nongovernmental organization
Int'l law. Any scientific, professional, business, or publicinterest organization that is neither affiliated with nor under the direction of a government; an international organization that is not the creation of an agreement among countries, but rather is composed of private individuals or organizations. ( Examples of these organizations, which are often granted consultative status with the United Nations, include OPEC, Greenpeace, and the Red Cross. - Abbr. NGO. "This term should not be taken to refer to the membership of the organization: governments or branches of governments are members of many non-governmental organizations. The notion non-governmental' refers to the function of the international organization. Non-governmental organizations are not endowed with government powers. They operate under rules of private and not of public law." Henry G. Schermers, International Institutional
organizational expense
See EXPENSE.
organizational meeting
See MEETING.
organizational picketing
Picketing by a union in an effort to persuade the employer to accept the union as the collective-bargaining agent of the employees; esp., picketing by members of one union when the employer has already recognized another union as the bargaining agent for the company's employees.
organizational strike
See recognition strike under STRIKE.
peer-review organization
A government agency that monitors health-regulation compliance by private hospitals requesting public funds (such as Medicare payments). - Abbr. PRO.
plan of reorganization
See BANKRUPTCY PLAN.
preferred-provider organization
A group of healthcare providers (such as doctors, hospitals, and pharmacies) that agree to provide medical services at a discounted cost to covered persons in a given geographic area. - Abbr. PPO. Cf. HEALTH-MAINTENANCE ORGANIZATION.
quasi-autonomous nongovernmental organization
A semipublic administrative body (esp. in the United Kingdom) having some members appointed and financed by, but not answerable to, the government, such as a tourist authority, a university-grants commission, a price-and-wage commission, a prison or parole board, or a medical-health advisory panel. ( This term is more commonly written as an acronym, quango (kwang-goh), without capital letters.
registered organization
An organization created under state or federal law, for which the state or federal government must maintain a public record showing that the organization has been duly organized. UCC § 9-102(a)(47).
reorganization bond
See adjustment bond.
reorganization plan
Bankruptcy. A plan of restructuring submitted by a corporation for approval by the court in a Chapter 11 case. See CHAPTER 11.