Legal Question in Business Law in New York
Material Assets
What is the legal definition of material asset under NY law?
Asked on 10/02/07, 10:16 pm
2 Answers from Attorneys
Johm Smith
tom's
Re: Material Assets
You would need to provide more information to get a reliable answer.
Answered on 10/03/07, 9:49 am
Kristen Browde
Browde Law, P.C.
Re: Material Assets
It depends largely upon the context. The term hasn't been used by a New York court in a general litigation context in more than 80 years. It is, however, relevant in both matrimonial cases and utility pricing.
BTW: Did you mean marital asset? That's a term with a very precise definition.
Answered on 10/02/07, 10:27 pm
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