Jenks Eminent Domain Lawyer, Oklahoma

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James K. Secrest

Construction, Aviation, Environmental Law, Contract
Status:  In Good Standing           

W. Michael Hill

Construction, Elder Law, Mental Health, Insurance
Status:  In Good Standing           

James K. Secrest

Construction, Aviation, Environmental Law, Employment
Status:  In Good Standing           

Lawrence A .G. Johnson

Family Law, Medical Malpractice, Wills & Probate, Construction
Status:  In Good Standing           

Raymond Lahann

Business Organization, Estate Planning, Family Law, Personal Injury, Real Estate
Status:  In Good Standing           

W. Joseph Pickard

Environmental Law, Premises Liability, Products Liability, Workers' Compensation
Status:  In Good Standing           

R. David Humphreys

Foreclosure, Government Agencies, Divorce, Criminal
Status:  In Good Standing           

Briana J. Ross

Foreclosure, Real Estate, Lawsuit & Dispute, Business
Status:  In Good Standing           

Michael Jay McDaniel

Employment, Estate, Lawsuit & Dispute, Real Estate
Status:  In Good Standing           Licensed:  24 Years

Patrick Earl Herring

Commercial Real Estate, Oil & Gas, Employment, Business & Trade
Status:  In Good Standing           Licensed:  23 Years

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Free Help: Use This Form or Call 800-943-8690

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LEGAL TERMS

DIVIDEND

A portion of profits distributed by a corporation to its shareholders based on the type of stock and number of shares owned. Dividends are usually paid in cash,... (more...)
A portion of profits distributed by a corporation to its shareholders based on the type of stock and number of shares owned. Dividends are usually paid in cash, though they may also be paid in the form of additional shares of stock or other property. The amount of a dividend is established by the corporation's board of directors; however, state laws often restrict a corporation's ability to declare dividends by requiring a minimum level of profits or assets before the dividend can be approved.

JOINT TENANCY

A way for two or more people to share ownership of real estate or other property. When two or more people own property as joint tenants and one owner dies, the ... (more...)
A way for two or more people to share ownership of real estate or other property. When two or more people own property as joint tenants and one owner dies, the other owners automatically own the deceased owner's share. For example, if a parent and child own a house as joint tenants and the parent dies, the child automatically becomes full owner. Because of this right of survivorship, no will is required to transfer the property; it goes directly to the surviving joint tenants without the delay and costs of probate.

LEASE

An oral or written agreement (a contract) between two people concerning the use by one of the property of the other. A person can lease real estate (such as an ... (more...)
An oral or written agreement (a contract) between two people concerning the use by one of the property of the other. A person can lease real estate (such as an apartment or business property) or personal property (such as a car or a boat). A lease should cover basic issues such as when the lease will begin and end, the rent or other costs, how payments should be made, and any restrictions on the use of the property. The property owner is often called the 'lessor,' and the person using the property is called the 'lessee.'

HOUSE CLOSING

The final transfer of the ownership of a house from the seller to the buyer, which occurs after both have met all the terms of their contract and the deed has b... (more...)
The final transfer of the ownership of a house from the seller to the buyer, which occurs after both have met all the terms of their contract and the deed has been recorded.

LIQUID ASSETS

Business property that can be quickly and easily converted into cash, such as stock, bank accounts and accounts receivable.

ELEMENTS (OF A CASE)

The component parts of a legal claim or cause of action. To win a lawsuit, a plaintiff must prove every element of a legal claim. For example, here are the elem... (more...)
The component parts of a legal claim or cause of action. To win a lawsuit, a plaintiff must prove every element of a legal claim. For example, here are the elements of a breach of contract claim: There was a valid contract. The plaintiff performed as specified by the contract. The defendant failed to perform as specified by the contract. The plaintiff suffered an economic loss as a result of the defendant's breach of contract.

ACT OF GOD

An extraordinary and unexpected natural event, such as a hurricane, tornado, earthquake or even the sudden death of a person. An act of God may be a defense aga... (more...)
An extraordinary and unexpected natural event, such as a hurricane, tornado, earthquake or even the sudden death of a person. An act of God may be a defense against liability for injuries or damages. Under the law of contracts, an act of God often serves as a valid excuse if one of the parties to the contract is unable to fulfill his or her duties -- for instance, completing a construction project on time.

ADVERSE POSSESSION

A means by which one can legally take another's property without paying for it. The requirements for adversely possessing property vary between states, but usua... (more...)
A means by which one can legally take another's property without paying for it. The requirements for adversely possessing property vary between states, but usually include continuous and open use for a period of five or more years and paying taxes on the property in question.

DEED IN LIEU (OF FORECLOSURE)

A means of escaping an overly burdenome mortgage. If a homeowner can't make the mortgage payments and can't find a buyer for the house, many lenders will accept... (more...)
A means of escaping an overly burdenome mortgage. If a homeowner can't make the mortgage payments and can't find a buyer for the house, many lenders will accept ownership of the property in place of the money owed on the mortgage. Even if the lender won't agree to accept the property, the homeowner can prepare a quitclaim deed that unilaterally transfers the homeowner's property rights to the lender.

SAMPLE LEGAL CASES

SOUTH TULSA CITIZENS COALITION v. Arkansas River Bridge Auth.

... Const. art. 10, § 26(a) [2] by assuming a financial obligation without voter approval; 3) it was unlawful for Jenks to exercise the power of eminent domain outside its city limits; and 4) Jenks violated 61 OS2001 § 103(A) [3] by failing to observe proper bidding procedures. ...

State ex rel. Dept. of Transp. v. Mehta

... 17 Condemnation, also known as eminent domain, is the power to take private property for the public good. Williams v. State ex rel. Dept. ... v. Tyrrell, 128 Tex. 248, 98 SW2d 786, 108 ALR 1508; 29 CJS Eminent Domain § 260, p. 1232; 18 Am. Jur. 716. Grand River Dam Auth. ...

STATE EX REL. REGENTS v. McCloskey Bros.

... We agree. a. The Oklahoma State University Board of Regents is a public corporation with the legal authority to acquire and take title to real property through the power of eminent domain/condemnation. ... The fact that this is an eminent domain proceeding is of no consequence. ...