Written by attorneys · grounded in primary & secondary sources — see below
An abbreviation placed after a company name to signify that the entity has limited liability for its debts and obligations.
Sources & Authorities· 40 primary sources
Select any source to read its text and confirm it supports the definition.
Cases
Statutes
How it applies
Common Examples
6
Consent Limits Breaking Element
Lakeshore Industries Ltd. invited a supplier into its warehouse during business hours to inspect goods. The supplier later returned after hours and forced open a side door. Because the original consent was limited to daytime entry, the forced nighttime access satisfied the breaking element of burglary.
Foreclosure Terminates Redemption
Lone Peak Energy Ltd. defaulted on its mortgage held by Linden Bank. The bank initiated judicial foreclosure proceedings. The sale extinguished Lone Peak Energy Ltd.'s equity of redemption and transferred title to the highest bidder.
Commerce Power Authorizes Regulation
Lattice Systems Ltd. challenged a federal statute regulating interstate data sales. Congress invoked its power to regulate commerce among the states. The court upheld the statute as a valid exercise of that enumerated authority.
Lakeshore Industries Ltd. sought production of documents from a former employee in a contract dispute. The employee objected that some requests were overly broad. The court applied the proportionality factors and limited discovery to relevant, nonprivileged matters.
Corporate Name Must Include Designation
Logan Lane attempted to file articles for a new entity named Summit Ventures. The secretary of state rejected the filing because the name lacked any required corporate indicator. Lane amended the name to Summit Ventures Ltd. to satisfy the statutory naming rule.
Impartiality Question Prompts Recusal
Judge Ramirez owned shares in Linden Bank Ltd., a party to a pending contract action. The opposing counsel moved for disqualification. The judge stepped aside because her financial interest created a reasonable question about her impartiality.
Common questions
Frequently Asked
1
What does the abbreviation Ltd. signify when used in a company name?+
The abbreviation Ltd. placed after a company name indicates that the entity possesses limited liability, shielding owners from personal responsibility for corporate debts beyond their investment.
Supporting sources
5 U.S. (1 Cranch) 137 (1803)Property
…is written to define limits; if those limits may be passed by those intended to be restrained the distinction between limited and unlimited government is abolished. Either the Constitution is superior and paramount or it is on a level with ordinary legislative acts. If the former, then a legislative act contrary…