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Legal Definitions - subsidiarie

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Definition of subsidiarie

Definition: Subsidiarie is a legal term used in Scots law, which means "subsidiarily".

Example: If a company goes bankrupt, its creditors may seek payment from its subsidiaries, but only subsidiarily, meaning that the subsidiaries are only liable for the debts if the parent company cannot pay them.

This example illustrates how the term "subsidiarie" is used in Scots law to describe the secondary or subsidiary liability of a company's subsidiaries.

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Simple Definition

Term: Subsidiarie

Definition: Subsidiarie is a legal term used in Scots law. It means that something is done in a secondary or supporting way.

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A judge is a law student who marks his own examination papers.

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