NON ASSUMPSIT
Definition (1910 Edition)
and holding of such certificate. At most its legal effect Is a stipulation against Nability from further assessment or taxation after the entire subscription of one hundred per cent. shall have been paid. Upton v. Tribileock, 91 U. 8. 45, 28 L. Ed. 203.
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain.
UK commentary and modern updates are original additions. This entry is for educational
reference only and does not constitute legal advice.