- effective date
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The date at which a contract or statutory obligation commences. The effective date may be different than the date a contract is signed or a statute is enacted. For example, the effective date for the Copyright Act of 1976 is January 1, 1978.Category: Small Claims Court & Lawsuits
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- effective date
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For the purposes of stamp duty land tax, except as otherwise provided, the effective date of a land transaction is the date of completion (section 119, Finance Act 2003).+ effective dateUSAThis term has a number of meanings. In the context of:• Bankruptcy: The date on which the obligations, duties and rights under a plan of reorganization take effect. It generally occurs after the bankruptcy court confirms the plan (See confirmation). Often there are one or more conditions precedent before the effective date can occur, such as the condition that the debtor obtain adequate exit financing.• Securities and capital markets: The date of the SEC order declaring the registration statement for a public offering to be effective, at which time the sale of securities to the public can commence.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
- effective date
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n. The date as of which a contract or other instrument, or a law, enters into force.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.