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Forfeiture is the loss of any property without compensation as a result of defaulting on contractual obligations, or as a penalty for illegal conduct.
Forfeiture refers to a loss of any property, money, or assets without consideration or compensation in return. A forfeiture generally occurs due to default in complying with repayment obligations under a contract. It can also be used as a penalty for an illegal way of conducting business.
1 : something forfeited or subject to being forfeited (as for a crime, offense, or neglect of duty) : penalty They were required to pay a forfeit. 2 : forfeiture especially of civil rights. 3a : something deposited (as for making a mistake in a game) and then redeemed on payment of a fine.
Forfeiture is a means for a landlord to terminate a lease, in the event of some default by the tenant.
California Health and Safety Code ? 11469-11495 allow local law enforcement agencies to seize property believed to be connected with controlled substances criminal activity.Your Claim Opposing Forfeiture (MC-200) must be filed in the county where the property was seized.
It is an in personam (against the person) action and requires that the government indict (charge) the property used or derived from the crime along with the defendant. If the jury finds the property forfeitable, the court issues an order of forfeiture.
1 : the loss of a right, money, or especially property because of one's criminal act, default, or failure or neglect to perform a duty compare waiver. 2 : something (as money or property) that is forfeited as a penalty.
Forfeiture is the loss of any property without compensation as a result of defaulting on contractual obligations, or as a penalty for illegal conduct.When mandated by law, as a punishment for illegal activity or prohibited activities, forfeiture proceedings may be either criminal or civil.
Updated October 16, 2020 Asset forfeiture is when the government takes a person's property because it suspects the property was used in committing a crime or was obtained by way of criminal activity. California's asset forfeiture laws can be used to seize most types of property, including: houses, boats, cars, and