Among other things, developers would have more opportunities to terminate ownership if condo owners initially rejected the idea.
Abandonment, in Anglo-American property law, the relinquishment of possession of property with an intent to terminate all ownership interests in that property.
On Monday, the league formally charged Donald Sterling with damaging the NBA with his comments, and set a date, 3 June, for his fellow owners to vote to terminate his ownership of the Clippers.
The NBA charged Donald Sterling on Monday with damaging the league and its teams with his racist comments, setting up a June 3 hearing after which owners could vote to terminate his ownership of the Los Angeles Clippers.
Consider for example his appointment of anti-gun rights former Seattle Mayor Greg Nickels as an alternate U.S. representative to the U.N., and his choice of Andrew Traver who has worked to terminate civilian ownership of so-called "assault rifles" (another prejudicially meaningless gun term) to head the Bureau of Alcohol , Tobacco Firearms and Explosives.
The legal question is whether the federal prohibition on felons possessing firearms terminates all ownership rights.
Up until 2007, all the owners in a condominium project had to agree to terminate their ownership.
Silver said that when the proceedings take place to strip Donald of the team, if the required three-fourths of the NBA owners vote to terminate him, "all ownership interests are terminated as part of that proceeding".
The next step was for the league's advisory and finance committee to consider terminating Sterling's ownership.
2. There are three different situations in which the shares of joint authors, or of a dead author's widow or widower, children, and grandchildren, must be divided under the statute: (1) The right to effect a termination; (2) the ownership of the terminated rights; and (3) the right to make further grants of reverted rights.
