Define: Apport

Apport
Apport
What is the dictionary definition of Apport?
Dictionary Definition of Apport

Apport is a term used in paranormal research to describe the alleged ability of a medium to manifest physical objects, such as flowers or jewelry, seemingly out of thin air. This phenomenon is often associated with spiritualist seances and is believed to be a form of telekinesis or materialization.

Full Definition Of Apport

Apport refers to the contribution of assets or property to a company or organisation in exchange for shares or ownership interest. It is a legal process by which individuals or entities transfer their assets to a company, thereby becoming shareholders or partners.

The apport process involves the valuation of the assets being contributed, which can include cash, real estate, intellectual property, or any other tangible or intangible assets. The value of the assets determines the number of shares or ownership interest the contributor will receive in return.

Apport is commonly used during the formation of a company or when additional capital is needed. It allows individuals or entities to invest in a company without necessarily providing cash, but rather by contributing their assets. This can be beneficial for both parties, as the contributor becomes a shareholder or partner, while the company receives valuable assets to support its operations or growth.

The apport process is subject to legal requirements and regulations, which may vary depending on the jurisdiction. These requirements typically include the preparation of a written agreement or contract detailing the terms of the apport, the valuation of the assets, and the issuance of shares or ownership interest to the contributor.

It is important for all parties involved in an apport transaction to seek legal advice to ensure compliance with applicable laws and regulations. This helps to protect the rights and interests of the contributors, as well as the company receiving the assets.

In summary, apport is a legal process that allows individuals or entities to contribute their assets to a company in exchange for shares or ownership interest. It is a common method of investment or capital contribution, subject to legal requirements and regulations. Seeking legal advice is crucial to ensure compliance and protect the rights of all parties involved.

Related Phrases
No related content found.
Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March 2024.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

  • Page URL:https://dlssolicitors.com/define/apport/
  • Modern Language Association (MLA):Apport. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/apport/.
  • Chicago Manual of Style (CMS):Apport. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/apport/ (accessed: May 09 2024).
  • American Psychological Association (APA):Apport. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/apport/
Avatar of DLS Solicitors
DLS Solicitors : Divorce Solicitors

Our team of professionals are based in Alderley Edge, Cheshire. We offer clear, specialist legal advice in all matters relating to Family Law, Wills, Trusts, Probate, Lasting Power of Attorney and Court of Protection.

All author posts