Examlex
Internal Revenue Code Section 351, relating to transfers to a controlled corporation, can apply to transfers to both a new and an existing corporation.
Base Fine
A fixed amount of money established as the starting point for fines related to violations or offenses, which can be adjusted based on specific circumstances.
Mala Prohibita
Acts that are crimes because legislation defines them as such, despite not being inherently evil or immoral.
Statutory Law
Law established by the enactment of legislation by a governing body, as opposed to case law or regulations promulgated by governmental agencies.
Common Law
A legal system based on judicial decisions and precedents, rather than codified laws.
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