pledgee


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Related to pledgee: pledgor, pledger
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  • noun

Words related to pledgee

someone to whom a pledge is made or someone with whom something is deposited as a pledge

References in periodicals archive ?
890(1) SCC: "The pledgee is liable for the depreciation or loss of the pledged chattel, unless he or she shows that he is not at fault.
The owner (mudf) cannot claim his good on consignment because the good is at the same time pledged, which grants the pledgee the right of retention.
Benefitting from the rights of a pledgee on the goods in his retention, implicitly, the carrier may perform certain acts of disposition.
455 (1) of the Estonian LOA provides that an insurance premium which has become collectable or another amount payable pursuant to an insurance contract may, rather than by the policyholder, be paid by the insured person or the beneficiary or a pledgee in whose favour the claim of the policyholder against the insurer arising from the insurance contract is pledged.
by the pledgee before interpreting the specific provisions of any share
However, D Carnegie & Co claims that the debt office acted as a pledgee in the sale, which means that there is no need for a valuation and any surplus from the actual proceeds from the deal should be transferred to the former owner.
23 (2006) (citation omitted) ("To safeguard the power of participants in a closed corporation to choose their future associates, participants will want to restrict the right of shareholders to pledge their shares, or at least the sales of the stock by the pledgee.
101(a)(2) is not applicable to amounts received by the pledgee or assignee that are treated as a repayment of capital and are therefore generally income tax free to the extent of the outstanding debt amount.
IRC [section] 101(a)(2) is not applicable to amounts received by the pledgee or assignee that are treated as a repayment of capital and are therefore generally income tax free to the extent of the outstanding debt amount.
If the pledge is not transferred to the effective possession of the pledgee .
A pledgee or assignee who receives the pledge or assignment of a policy as collateral for a loan will be able to recover proceeds income tax free (but as a repayment of capital, rather than as the proceeds of a life insurance policy).
However, possession by a pledgee was sufficient if the asset was a security.
Since the firm carries free credit balances of customers, acts as custobian of their securities, functions as pledgee and finances margin transactions, it incurs a responsibility to its clients which involves not only the maintenance of a high degree of financial stability at all times, but the added duty of supplying the trading public a clear picture of the firm's condition.
district court in Delaware, reversing a bankruptcy court injunction against the exercise of voting rights by a pledgee of a majority of the shares of a Chapter 11 debtor corporation, ruled that since the creditors' claims were against a parent corporation (also in Chapter 11) of the Chapter 11 debtor rather than the debtor corporation itself, the election of a new board would not result in gaining an improper advantage by one creditor of the Chapter 11 debtor over other creditors of that debtor, and that the right to elect a new board could be exercised without obtaining bankruptcy court authorization.
02[6][a][i] ("The President of the District Court may, at the request of either the pledgee or the pledgor, order a different form of sale, such as a private sale to a specific third party, so that higher proceeds may be realized.