relation-back statute

relation-back statute
USA
A type of statute which deems an act performed at a later time as to have occurred at an earlier time. For example, the Uniform Commercial Code deems a purchase-money security interest in property to be perfected as of the sale date as long as perfection occurs within 20 days of when the debtor received possession of the property (UCC §9-324(a)).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • relation back — re·la·tion back n: the assigning of a prior date (as the date of execution of a document) to an act (as filing of a document and esp. a pleading) as the time of its effect esp. to avoid a time limit the relation back of amendments to the date of… …   Law dictionary

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  • bankruptcy — /bangk rupt see, reuhp see/, n., pl. bankruptcies. 1. the state of being or becoming bankrupt. 2. utter ruin, failure, depletion, or the like. [1690 1700; BANKRUPT + CY] * * * Status of a debtor who has been declared by judicial process to be… …   Universalium

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  • Spain — /spayn/, n. a kingdom in SW Europe. Including the Balearic and Canary islands, 39,244,195; 194,988 sq. mi. (505,019 sq. km). Cap.: Madrid. Spanish, España. * * * Spain Introduction Spain Background: Spain s powerful world empire of the 16th and… …   Universalium

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