Also known as: § 8 · Section 8 housing · housing choice voucher
Written by attorneys · grounded in primary & secondary sources — see below
2 senses
An Article 9 rule allowing perfection of a security interest in certificated securities by taking delivery under UCC Section 8-301.
A federal rent-subsidy program that pays the difference between market rent and a qualifying tenant's income-based contribution. The subsidy is available to low-income tenants meeting age or income limits.
Each sense below has its own examples, sources, and questions.
An Article 9 rule allowing perfection of a security interest in certificated securities by taking delivery under UCC Section 8-301.
Select any source to read its text and confirm it supports the definition.
A federal rent-subsidy program that pays the difference between market rent and a qualifying tenant's income-based contribution. The subsidy is available to low-income tenants meeting age or income limits.
Select any source to read its text and confirm it supports the definition.
Solstice Ventures extends a loan to Sebastian Santos secured by his certificated shares in a closely held corporation. When Santos defaults, Solstice takes physical delivery of the share certificates from the issuer's transfer agent. The delivery perfects Solstice's security interest in the shares.
Skyline Construction elects Simon Stern to its board for a one-year term. At the next annual shareholders meeting the shareholders elect a replacement. Stern's term ends automatically upon the election of the successor director.
State A enacts a statute criminalizing firearm possession by hotel employees near schools. Swift Resorts, whose properties serve mostly local guests, challenges the law as exceeding Congress's enumerated powers. The court must decide whether the activity substantially affects interstate commerce.
Cleburne Living Center seeks a permit to operate a group home for persons with intellectual disabilities in an R-3 district. The city denies the permit under a zoning rule that excludes such homes. The court reviews whether the ordinance violates equal protection.
An assistant district attorney circulates a questionnaire about office morale and transfers. Her supervisor terminates her for the questionnaire. The court determines whether the speech addresses a matter of public concern protected by the First Amendment.
New York City designates Grand Central Terminal a landmark, preventing Penn Central from constructing a fifty-story office tower above the station. Penn Central sues, claiming the restriction constitutes a taking without just compensation.
A secured party perfects by taking delivery of the certificated security under the rules of UCC Article 8. Delivery occurs when the issuer or its transfer agent registers the secured party or its agent as the registered owner or delivers the certificate to the secured party. The interest remains perfected until the debtor regains possession.
Supporting sources
An elderly person must be at least 62 years old. Income generally may not exceed 80 percent of the median income in the local area. The subsidy covers the difference between the actual rent and the tenant's income-based contribution.
Supporting sources
…L. Rev. 574, 574 n. 1 (1972), citing Huxtable, Bank’s Building Plan Sets Off Debate on “Progress,” N. Y. Times, Jan. 17, 1971, section 8, p. 1, col. 2. [^maj-3]: See, e. g. , N. Y. C. Admin. Code § 205-1.0 (a) (1976). [^maj-4]: Gilbert, Introduction, Precedents for the Future, 36 Law & Contemp. Prob. 311, 312 (1971),…