Non-transferable Option Law and Legal Definition
An option which passes only by will or intestacy is a non-transferable option. The term non-transferable option includes an option which by its terms is not transferable by such optionee otherwise than by will or the laws of descent and distribution, and is exercisable, during his lifetime, only by him. [Greene v. Dietz, 143 F. Supp. 464, 472 (D.N.Y. 1956)].
Legal Definition list
- Non-Traditional Fields [Education]
- Non-Titling Jurisdiction
- Non-Tariff Barrier to
- Non-Storage Agricultural Product
- Non-Separation of Interest Agreement
- Non-transferable Option
- Non-Traversable Curb [Transportation]
- Non-Treaty Based Mechanisms
- Non-user
- Non-Vessel Operating Common Carrier
- Non-Vessel-Operating Common Carrier
Related Legal Terms
- Abandonment [Intercountry Adoption]
- Abandonment Option
- Accredited Agency [Adoption]
- Accredited Body [Adoption]
- Accrediting Entity [Adoption]
- Adoption
- Adoption and Foster Care Analysis and Reporting System (AFCARS)
- Adoption and Safe Families Act (ASFA)
- Adoption Assistance and Child Welfare Act of 1980
- Adoption Disruption
