conduit something which leads something else along. In the law of European E-COMMERCE, a person who is given special immunity, sometimes expressed as a ‘mere’ conduit importing a lack of involvement in the carrying. Most likely it will apply to an Internet service provider.
Because this clearing agent was a “financial institution” within the definition of section 546(e), Tribune, as its principal, was also a “financial institution” and, thus, within the safe harbor’s protection.By shifting the focus from the financial institution as a “mere conduit” to an “agent,” the Second Circuit functionally Conduct definition, personal behavior; way of acting; bearing or deportment. See more. Dec 29, 2019 · If the beneficiary did not meet the requirements of a designated beneficiary, e.g. a non-conduit trust or the estate of the plan holder, then the funds had to be distributed over a mere 5 years if Oct 14, 2014 · The Fourth Circuit, without much comment, held that such a finding would eviscerate the mere conduit defense – “because a conduit, by definition, has an obligation to pass these funds on to a third party,” “a conduit would always be contingently liable – and thus an entity for whose benefit a transfer is made.” Id. at 405. Synonyms for conduit at Thesaurus.com with free online thesaurus, antonyms, and definitions. Find descriptive alternatives for conduit. Those cases involved an initial transferee, such as a bank, which did not have an ownership interest in or control over the property transferred and which did not act in bad faith. Accordingly, such an entity could be deemed a "mere conduit" in the transaction and thus disregarded as an initial transferee.
Sep 10, 2016 · The conduit exception is a narrow one and is intended to exclude only those entities providing mere courier services, such as the U.S. Postal Service or United Parcel Service and their electronic equivalents, such as internet service providers (ISPs) providing mere data transmission services. As we have stated in prior guidance, a conduit
Aug 12, 2014 · Because CPG was a “mere conduit” for the premium payments from Railworks to TIG, and, according to the Fourth Circuit, a party cannot be both a mere conduit and an entity for whose benefit a transfer was made, the Litigation Trustee was unable to recover the payments from CPG under section 550(a)(1). Oct 01, 2019 · Term Definition; Acquisition cost: The cost of the asset including the cost to ready the asset for its intended use. Acquisition cost for equipment, for example, means the net invoice price of the equipment, including the cost of any modifications, attachments, accessories, or auxiliary apparatus necessary to make it usable for the purpose for which it is acquired.
charity cannot be a "mere conduit" through which contributors' cash flows. Rather, the charity must exercise discretion and control over those contributions for the IRS to consider them gifts to the charity, not some entity further down the line. Who's the Agent? When lawyers talk about agency, they are talking about situations in
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