Page 109 - Case Book 2017 - 2020
P. 109
UHGUHVV DQG VKH DSSHDOHG RQ WKH JURXQGV WKDW UXOH VWDWHV µWKH DEVHQFH
RI D VRXQG VLJQDO VKDOO EH GLVUHJDUGHG ¶
'HFLVLRQ
5XOH D KDV WKUHH UHTXLUHPHQWV IRU JLYLQJ UHGUHVV 7KH ILUVW LV WKDW µDQ
LPSURSHU DFWLRQ RU RPLVVLRQ¶ KDV RFFXUUHG +HUH WKH UDFH FRPPLWWHH GLG
QRW PDNH WKH VRXQG VLJQDO UHTXLUHG E\ UXOH DQ RPLVVLRQ WKDW ZDV
FOHDUO\ LPSURSHU 7KH VHFRQG UHTXLUHPHQW LV WKDW D ERDW¶V ILQLVKLQJ SODFH
KDV EHHQ µPDGH VLJQLILFDQWO\ ZRUVH¶ +HUH WKLV UHTXLUHPHQW LV PHW VLQFH $
ZDV VFRUHG 2&6 7KH WKLUG UHTXLUHPHQW LV WKDW D ERDW VXIIHUHG WKH
FRQVHTXHQFHV RI WKH LPSURSHU DFWLRQ RU RPLVVLRQ µWKURXJK QR IDXOW RI KHU
RZQ¶ +HUH $ KDG QR SDUW LQ FDXVLQJ WKH UDFH FRPPLWWHH WR RPLW WKH VRXQG
VLJQDO DQG VKH WKRXJKW VKH KDG VWDUWHG FRUUHFWO\
:KHQ LW LV GHFLGHG WKDW D ERDW LV HQWLWOHG WR UHGUHVV UXOH UHTXLUHV WKH
SURWHVW FRPPLWWHH WR µPDNH DV IDLU DQ DUUDQJHPHQW DV SRVVLEOH IRU DOO ERDWV
DIIHFWHG ¶ :KHQ WKH VLWXDWLRQ LQYROYHV D ERDW VFRUHG 2&6 LI WKH UHGUHVV
JLYHQ LV WR DGMXVW WKH ERDW¶V UDFH VFRUH RU ILQLVKLQJ SODFH LW VKRXOG UHIOHFW
WKH IDFW WKDW JHQHUDOO\ ZKHQ D UHFDOOHG ERDW UHWXUQV WR WKH SUH FRXUVH VLGH
RI WKH OLQH DIWHU KHU VWDUWLQJ VLJQDO VKH XVXDOO\ VWDUWV VRPH WLPH DIWHU ERDWV
WKDW ZHUH QRW UHFDOOHG $Q DOORZDQFH IRU WKDW WLPH VKRXOG EH PDGH
7KH UHTXLUHPHQW LQ UXOH DQG LQ 5DFH 6LJQDOV UHJDUGLQJ WKH PDNLQJ RI
D VRXQG VLJQDO ZKHQ IODJ ; LV GLVSOD\HG LV HVVHQWLDO WR FDOO WKH DWWHQWLRQ RI
ERDWV WR WKH IDFW WKDW RQH RU PRUH RI WKHP DUH EHLQJ UHFDOOHG :KHQ WKH
VRXQG VLJQDO LV RPLWWHG IURP DQ LQGLYLGXDO UHFDOO DQG D UHFDOOHG ERDW LQ D
SRVLWLRQ WR KHDU D VRXQG VLJQDO GRHV QRW VHH WKH YLVXDO VLJQDO DQG GRHV QRW
UHWXUQ VKH LV HQWLWOHG WR UHGUHVV +RZHYHU D ERDW WKDW UHDOL]HV WKDW VKH ZDV
RQ WKH FRXUVH VLGH RI WKH OLQH LV QRW HQWLWOHG WR UHGUHVV DQG VKH PXVW
FRPSO\ ZLWK UXOHV DQG LI LW DSSOLHV UXOH ,I VKH IDLOV WR GR VR VKH
EUHDNV WKRVH UXOHV ,Q DGGLWLRQ VKH IDLOV WR FRPSO\ ZLWK WKH %DVLF
3ULQFLSOH 6SRUWVPDQVKLS DQG WKH 5XOHV DQG EUHDNV UXOH
&RQFHUQLQJ %¶V UHTXHVW WKH SURYLVLRQ RI UXOH WKDW µWKH DEVHQFH RI D
VRXQG VLJQDO VKDOO EH GLVUHJDUGHG¶ DSSOLHV RQO\ WR WKH ZDUQLQJ
SUHSDUDWRU\ RQH PLQXWH DQG VWDUWLQJ VLJQDOV :KHQ WKH LQGLYLGXDO UHFDOO
VLJQDO LV PDGH ERWK WKH YLVXDO DQG VRXQG VLJQDOV DUH UHTXLUHG XQOHVV WKH
VDLOLQJ LQVWUXFWLRQV VWDWH RWKHUZLVH
%¶V DSSHDO LV GLVPLVVHG 7KH SURWHVW FRPPLWWHH¶V GHFLVLRQ WR JLYH UHGUHVV
WR $ LV XSKHOG
*%5
