Also known as: account · accounts
Written by attorneys · grounded in primary & secondary sources — see below
A shorthand notation for account. It refers to a financial record or fund maintained for a client or third party.
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Alexandra Armstrong reviewed state election records showing that female citizens had been denied access to the voter registration acct. on account of sex. The court applied the Nineteenth Amendment to invalidate the restriction. Alexandra obtained an order directing immediate restoration of full voting rights.
Antonio Alvarado received advance legal fees from a client and deposited them into a separate trust acct. maintained in the state where his office was located. He withdrew funds only as fees were earned. The arrangement satisfied the requirement to keep client property separate from his own.
Audrey Ashton sent a letter to Anita Ali manifesting consent for Anita to manage her business acct. on her behalf. Anita replied with her own consent to act. The exchange created an agency relation under the applicable standard.
Avalon Pharmaceuticals operated a nonprofit housing facility under the control of a religious organization. It limited occupancy of its dwellings to persons of the same religion using a dedicated resident acct. system. The limitation fell within the statutory safe harbor for noncommercial properties.
Adam Anderson, a member of Arcadia Retail LLC, derived a profit from a transaction involving company property. He placed the amount into a segregated acct. and accounted to the company as trustee. The action fulfilled his statutory obligation to hold the benefit for the entity.
Alexis Archer, a partner in Alpine Mining, received a benefit derived from partnership property. She deposited the sum into a dedicated acct. and held it as trustee for the partnership. The deposit satisfied her duty to account for the profit.
It stands for account and denotes a financial record or fund held for a client or third party.
Supporting sources
…physical or mental abnormalities as to be seriously handicapped." The Act also provides that, in making this determination, "account may be taken of the pregnant woman's actual or reasonably foreseeable environment." It also permits a physician, without the concurrence of others, to terminate a pregnancy where he is of…