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limitation |
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limitation 1. Law a certain period of time, legally defined, within which an action, claim, etc., must be commenced 2. Property law a restriction upon the duration or extent of an estate How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Although no case appears to address the issue, adoption of the permissible liability limitation might be viewed as a waiver by shareholders; but how could they waive the rights of others? In addition to the liability limitation, Series LLCs offer the added flexibility of having different managers and members in each series. That bill relaxed clean air safeguards, worsened global warming and did little to achieve energy conservation, but it was the high-cost of pork-barrel items and a liability limitation for MTBE, a chemical additive for gasoline that has been leeching into New England water supplies, that sidetracked the legislation. |
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