Legal Definition and Related Resources of Situs
Meaning of Situs
Location, situation. As a general rule, personal property has its situs at the place of the domicile of its owner . But this is not an invariable rule; the situs of corporate shares for some purposes such as its validity is said to be the state of incorporation whereas questions of title to shares and its transfer are said to be governed by the laws of the state where the shares are located. See Direction der Disconto- Gesellschaft v United States Steel Corp., 267 U.S. 22, 45 S.Ct. 207, 69 L.Ed. 495.
Situs Alternative Definition
(Lat.) Situation; location. 5 Pet. (U. S.) 524. Real estate has always a fixed sites, while personal estate has no such fixed situs; the law rei sitae regulates real, but not the personal, estate. Story, Confl. Laws, § 379. The rules as to the situs of personal property have been stated as follows:
(1) Movable and tangible chattels are of the county where they may be at the time.
(2) Shares in corporations or joint-stock companies are of the county where the chief office of the company is situated.
(3) Judgments and other debts of record are of the county where the record is kept.
(4) Bonds and negotiable securities are of the county where they happen to be at the time.
(5) Promissory notes, bills of exchange, and all simple contracts are of the county where the debtor resides.
(6) Demands against a commonwealth are of the county wherein is situated the seat of government. 2 Minor, Inst. 853.
Related Entries of Situs in the Encyclopedia of Law Project
Browse or run a search for Situs in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Situs in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Situs in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Situs in the Legal Abbreviations and Acronyms Dictionary.
Related Legal Terms
You might be also interested in these legal terms:
Browse
You might be interested in these references tools:
| Resource | Description |
|---|---|
| Situs in the Dictionary | Situs in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Situs |
| Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
| Legal Answers (Q&A) | A community-driven knowledge creation process, of enduring value to a broad audience |
| Related topics | Situs in the World Encyclopedia of Law |
Notice
This definition of Situs is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
Vocabularies (Semantic Web Information)
| Resource | Description |
|---|---|
| Topic Map | A group of names, occurrences and associations |
| Topic Tree | A topic display format, showing the hierarchy |
| Sitemap Index | Sitemap Index, including Taxonomies |
| https://legaldictionary.lawin.org/situs/ | The URI of Situs (more about URIs) |
Concept of “Situs”
Traditional meaning of situs in English (with some legal use of this latin concept in England and the United States in the XIX Century) [1]: (in Latin) Position; location; site; as for jurisdiction; see 5 Pet. 524.
Resources
Notes and References
- Based on A Concise Law Dictionary of Words, Phrases and Maxims, “Situs”, Boston: Little, Brown, and Company, 1911, United States. It is also called the Stimson’s Law dictionary. This term and/or definition may be absolete.
Leave a Reply