KFLCC Kingdom Law 2nd Ed.

1082

SHERIFF

SHARE

SHEADING. A riding, tithing, or divi sion in the Isle of Man, where the whole island is divided into six sheadings, in each of which there is a coroner or chief consta ble appointed by a delivery of a rod at the Tinewald court or annual convention. King, Isle of Man, 7. SHEEP. A wether more than a year old. Rex v. Birket, 4 Car. & P. 216. SHEEP-HEAVES. Small plots of past ure, in England, often in the middle of the waste of a manor, of which the soil may or may not be in the lord, but the pasture is private property, and leased or sold as such. They principally occur in the northern coun ties, (Cooke, Incl. Acts, 44,) and seem to be corporeal hereditaments, (Elton, Commons, 35,) although they are sometimes classed with rights of common, but erroneously, the right being an exclusive right of pasture. Sweet. SHEEP-SIXVER. A service turned into money, which was paid in respect that an ciently the tenants used to wash the lord's sheep. Wharton. SHEEP-SKIN. A deed; so called from the parchment it was written on. SHEEP-WALK. A right of sheep-walk is the same thing as a fold-course, (g. v.) Elton, Commons, 44. SHELLEY'S CASE, RULE IN. "When the ancestor, by any gift or conveyance, tak eth an estate of freehold, and in the same gift or conveyance an estate is limited, ei ther mediately or immediately, to his heirs in fee or in tail, the 'heirs' are words of lim itation of the estate, and not words of pur chase." 1 Coke, 104. Intimately connected with the quantity of estate which a tenant may hold in realty is the antique feudal doctrine generally known as the "Rule in Shelley's Case," which is reported by Lord Coke in 1 Coke, 93b, (23 Eliz. in O. B.) This rule was not first laid down or established in that case, but was then simply admitted in argument as a well founded and settled rule of law, and has al ways since been quoted as the "Rule in Shel ley's Case." Wharton. SHEPWAY, COURT OF. A court held before the lord warden of the Cinque Ports. A writ of error lay from the mayor and jurats of each port to the lord warden in this court, and thence to the queen's bench. The civil jurisdiction of the Cinque Ports is abolished by 18 & 19 Vict c. 48. SHEREFFE. The body of the lordship of Cserdiff in South Wales, excluding the members of it Powel, Hist. Wales, 123. SHERIFF. In American law. The chief executive and administrative officer of « county, being chosen by popular election.

SHARE. A portion of anything. When a whole is divided into shares, they are not necessarily equal. In the law of corporations and joint-stock companies, a share is a definite portion of the capital of a company. —Share and share alike. In equal shares or proportions.—Share-certificate. A share-cer tificate is an instrument under the seal of the company, certifying that the person therein named is entitled to a certain number of shares; it is prima facie evidence of his title thereto. Lindl. Partn. 150, 1187.—Share-warrant. A share-warrant to hearer is a warrant or cer tificate under the seal of the company, stating that the bearer of the warrant is entitled to a certain number or amount of fully paid up shares or stock. Coupons for payment of divi dends may be annexed to it. Delivery of the share-warrant operates as a transfer of the shares or stock. Sweet. In the strict sense of the term, a "shareholder" is a person who has agreed to become a member of a corpora tion or company, and with respect to whom all the required formalities have been gone through; e. g. t signing of deed of settlement, registration, or the like. A shareholder by estoppel is a person who has acted and been treated as a shareholder, and consequently has the same liabilities as if he were an or dinary shareholder. Lindl. Partn. 130. See Beal v. Essex Sav. Bank, 67 Fed. 816, 15 G. C. A. 128; State v. Mitchell, 104 Tenn. 336, 58 S. W. 365. SHARP. A "sharp" clause in a mortgage or other security (or the whole instrument described as "sharp") is one which empowers the creditor to take prompt and summary ac tion upon default in payment or breach of other conditions. SHARPING CORN. A customary gift of corn, which, at every Christmas, the far mers in some parts of England give to their smith for sharpening their plow-irons, har row-tines, etc. Blount. SHASTER. In Hindu law. The instru ment of government or instruction; any book of instructions, particularly containing Di vine ordinances. Wharton. SHAVE. While "shave" is sometimes used to denote the act of obtaining the prop erty of another by oppression and extortion, it may be used in an innocent sense to de note the buying of existing notes and other securities for money, at a discount. Hence to charge a man with using money for shav ing is not libelous per se. See Stone v. Cooper, 2 Denio (N. Y.) 301; Trentham y. Moore, 111 Tenn. 346, 76 S. W. 904; Bron son v. Wiman, 10 Barb. (N. T.) 428. SHAW. In old English law. A wood. Co. Litt 46. SHAWATORES. Soldiers. Cowell. SHAREHOLDER.