An act passed by Congress in 1934 that gave the Supreme Court the power to make rules of procedure and evidence for federal courts as long as they did not “abridge, enlarge, or modify any substantive right.”
statutes
Safe harbor
A provision granting protection from liability or penalty if certain conditions are met. A safe harbor provision may be included in statutes or regulations to give peace of mind to good-faith actors who might otherwise violate the law on...
Sales
Sales Law: an overview
Transactions for the sale and leasing of goods is governed mainly by sales laws of each state. Every state, with the exception of Louisiana, has adopted Article Two of the Uniform Commercial Code (UCC) as the main body of law...
Sarbanes-Oxley Act
Definition from Nolo’s Plain-English Law DictionaryA law enacted in 2002 in response to several corporate and accounting scandals, requiring publicly traded companies to disclose information to shareholders, protecting whistleblowers, and requiring...
Section 1981
Definition from Nolo’s Plain-English Law DictionaryA shorthand reference to the Civil Rights Act of 1866, which declares African Americans to be citizens entitled to a series of rights previously reserved to white men. Among the rights conferred by...
Section 504
Definition from Nolo’s Plain-English Law Dictionary
A section of the Rehabilitation Act of 1973 that protects the rights of individuals with disabilities who are involved in programs or activities that receive federal money. Settings in which Section...
Section 8
Definition from Nolo’s Plain-English Law DictionaryThe name of a federally financed housing assistance program, in which the government helps low-income tenants with rent payments. Typically, the government pays about one-third of the rent, and the tenant...
Securities Act of 1933
The Securities Act was Congress's opening shot in the war on securities fraud. Congress primarily targeted the issuers of securities. Companies which issue securities (called issuers) seek to raise money to fund new projects or investments or to expand...
Securities dispute resolution: Experts
Experts can offer their opinions on a variety of issues such as the management of the account and calculation of profits.
Experts can provide necessary information to support claims made by either the claimant or the respondent. The decision to...
Securities Exchange Act of 1934
Overview
The Securities and Exchange Act of 1934 ("1934 Act," or "Exchange Act") primarily regulates transactions of securities in the secondary market. As such, the 1934 Act typically governs transactions which take place between parties which are...