Also known as: scrips · certificate · interim certificate
Written by attorneys · grounded in primary & secondary sources — see below
2 senses
A document that entitles the holder to receive something of value.
Paper money issued for temporary use.
Each sense below has its own examples, sources, and questions.
A document that entitles the holder to receive something of value.
Samantha Stone holds a scrip issued by a state land office granting rights to a parcel. When she presents the scrip in federal court to enforce her claim, the court requires the document to be authenticated by the state seal. Once authenticated, the scrip receives the same effect as in the issuing state's courts, allowing her to proceed with the claim.
Sofia Stern receives a certificate of rehabilitation after serving a sentence. She later attempts to use a scrip representing a prior financial obligation in a civil suit. Because the rehabilitation meets the criteria for excluding the conviction, the court admits the scrip without impeachment by the old offense.
Paper money issued for temporary use.
Sterling Manufacturing issues a scrip to a new investor representing membership interests. When the company later amends its certificate of organization to reflect the issuance, the filing is accepted because amendments may occur at any time under the uniform act.
Stephen Shaw and Skylar Sullivan present a scrip from a prior ceremonial exchange along with their marriage application. The clerk issues the license only after confirming the scrip satisfies the age and non-prohibition proofs required by the uniform act.
Sasha Stone offers a scrip accompanied by a notary's certificate of acknowledgment to prove an interest in a disputed asset. The court treats the scrip as self-authenticating under the evidence rule because the acknowledgment was lawfully executed by an authorized officer.
Sentinel Security transfers a scrip representing a debt obligation to Solstice Ventures before maturity. In litigation over the instrument's validity, the court applies general commercial law principles to determine whether the transferee qualifies as a holder free from prior defenses.
Scrip is a document that directly entitles the holder to receive something of value, such as land rights or payment, and may function as temporary paper money. This distinguishes it from mere receipts or contracts that require additional enforcement steps.
…jurisprudence, not in state court decisions. Majority opinion Opinion of Justice Story This cause comes before us on the certificate of division from the circuit court. At the trial the acceptance and indorsement were admitted and the plaintiff rested. The defendant showed by the plaintiff's answer to a bill of discovery…