Also known as: bond · bonds · bonded · bonding
Written by attorneys · grounded in primary & secondary sources — see below
3 senses
A corporate power to issue debt securities and secure obligations by mortgage or pledge of property. This power enables a corporation to borrow funds and create enforceable payment obligations backed by its assets.
A corporate power to issue debt securities and secure obligations by mortgage or pledge of property. This power enables a corporation to borrow funds and create enforceable payment obligations backed by its assets.
Select any source to read its text and confirm it supports the definition.
The formation of a significant emotional attachment between a nonparent and a child. Such a bond supports recognition of custodial or visitation rights when it arises with parental consent or in the absence of a fit parent.
Select any source to read its text and confirm it supports the definition.
Continued ownership or acquisition of municipal bonds or notes issued by a city that is a party to litigation pending before the judge. This conduct creates an appearance of impropriety requiring recusal or discipline.
Select any source to read its text and confirm it supports the definition.
The formation of a significant emotional attachment between a nonparent and a child. Such a bond supports recognition of custodial or visitation rights when it arises with parental consent or in the absence of a fit parent.
Continued ownership or acquisition of municipal bonds or notes issued by a city that is a party to litigation pending before the judge. This conduct creates an appearance of impropriety requiring recusal or discipline.
Each sense below has its own examples, sources, and questions.
Blackwood Technologies needs capital to expand its manufacturing line. Its board authorizes the issuance of convertible notes secured by a pledge of factory equipment. The company executes the documents and delivers the bonds to investors in exchange for funds.
Bright Path Foods borrows working capital and issues bonds as part of the financing package. The bonds are secured by a mortgage on company real estate. The transaction closes and the lender receives the bond instruments.
Barclay Financial exercises its option to convert existing bonds into common stock. Bondholders receive shares and the corporation retires the debt obligation. The conversion is recorded on the company's books.
Chicago, Burlington & Quincy Railroad Co. issues bonds to finance track improvements. The bonds are sold to investors and the proceeds fund the project. The corporation records the new liability on its balance sheet.
The corporation must act within its authorized powers and may secure the bonds by mortgage or pledge of its property. The statute expressly lists issuance of bonds among the powers granted to corporations.
Supporting sources
Barbara Bennett has cared for her niece since the child's mother became unable to parent. Barbara and the child have lived together for years and developed a close daily relationship. A court finds the bond qualifies Barbara for custody consideration under the statute.
The Act requires a significant emotional bond between the nonparent and child as one element supporting custody or visitation. The bond must be established with parental consent or when no parent is able or willing to perform parenting functions.
Supporting sources
A sitting judge continues to hold bonds issued by a city that is a defendant in a pending contract action. The ownership creates an appearance of financial entanglement with a litigant. The judicial conduct commission imposes discipline for the conflict.
Continued ownership creates an appearance of impropriety and potential conflict even without actual participation in the decision. The judge has a duty to avoid financial entanglement with parties appearing before the court.
Supporting sources
…in a particular way for thousands of years, the present generation and the present Court are the ones chosen to burst the bonds of that history and tradition. If you are among the many Americans—of whatever sexual orientation—who favor expanding same-sex marriage, by all means celebrate today’s decision.…