State or local laws prohibiting certain businesses from operating on specific days, usually Sundays. While these laws have been abolished in many places, they originally aimed to encourage rest and religious observance.
The purchase or redemption of its own shares by a company; permitted subject to certain legal restrictions.
A restraint on alienation refers to a restriction on the ability to convey real property interests. Such restrictions often infringe on the common law policy that favors the free transferability of property.
Refers to perpetual rights or restrictions that affect all current and future owners of a property, as opposed to personal agreements not transferred with the deed.
