Survey

ISSUE

1. as a verb, to put into circulation, as to a buyer. 2. in corporation law, a STOCK ISSUE is the process by which a corporation authorizes, executes and delivers shares of stock for sale to the public. The term also describes the shares offered by the corporation at a particlar time. 3. in the law of real property, the noun issue means descendants. EXAMPLE: Latonya's will declared that any part of her estate not specifically distributed to someone else be divided among her issue. Her children tried to claim the full amount of this residual property, but, as the childern were reminded by the court in a lawsuit against them, "issue" refers to all descendants, including children, grand-children and other more remote descendants. 4. in legal practice, a point of fact or law disputed between parties to the litigation, generally an assertion by one side and a denial by the other. Source: Barron's Dictionary of Legal Terms, Steven H. Gifis, 5th Edition; © 2016