In rem definition

In rem means the quality of a right that is attached to an asset and, in connection with a Preference Right, it means that such Preference Right can be enforced against any third party that acquires the asset that is the object of the Preference Right as prescribed in article 415 of the Macau Civil Code.

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In rem means “against a thing.” Black’s Law Dictionary 797 (7th ed. 1999). An “action in rem” determines “the title to property and the rights of the parties, not merely among themselves, but also against all persons at any time claiming an interest in that property.” Id. at 30.

In rem means “against the thing,” and this foreclosure process is centered around the idea that the taxes owed are imposed on the property itself, rather than on the owner

Examples of In rem in a sentence

This right shall only apply to arrearages that are due and owing at the time, and the bringing of any action for Land Taxes, Annual Service Charges or other charges, or for breach of covenant or the resort of any other remedy herein provided for the recovery of Land Taxes, Annual Service Charges or other charges shall not be construed as a waiver of the right to proceed with an In Rem Tax Foreclosure action consistent with the terms and provisions of this Agreement.
In Rem foreclosure by the City within five years preceding Closing.
In Rem Liability; Collision Liability; Waiver of Subrogation in favor of Company; Removal of “other than Owner” limitation clauses as respects Company; Removal of the “as Owner of the vessel named herein” clauses as respects Company.
In Rem foreclosure by the City of Milwaukee within five years preceding Closing.
INDEMNIFICATION, ETC 32 5.1 Survival of Representations And Covenants 32 5.2 Indemnification By The Members And The Seller 33 5.3 Indemnification By The Purchaser 34 5.4 Setoff 35 5.5 Exclusive Remedy 35 5.6 Defense of Third-Party Claims 35 5.7 Exercise of Remedies By Indemnitees Other Than The Purchaser 36 5.8 Allocation 36 5.9 Insurance and Taxes 36 5.10 In Rem Liability 36 6.
Supplementing Section 5.1 hereof, mortgage foreclosures and other In Rem proceedings against Mortgagor may be brought in DuPage County, Illinois or any federal court of competent jurisdiction in Illinois.
This right shall only apply to arrearages that are due and owing at the time, and the bringing of any action for Annual Service Charges or other charges, or for breach of covenant or the resort of any other remedy herein provided for the recovery of Annual Service Charges or other charges shall not be construed as a waiver of the right to proceed with an In Rem Tax Foreclosure action consistent with the terms and provisions of this Agreement.
In order to secure the full and timely payment of the Annual Service Charges, the Township on its own behalf or on behalf of the Bondholder reserves the right to prosecute an In Rem Tax Foreclosure action against the Land and the Improvements erected thereon, including any Unit, as more fully set forth in this Agreement.
Notwithstanding anything contained herein to the contrary, the Borough shall retain at all times all statutory rights to enforce the payment of payments in lieu of taxes, sewer charges, property taxes, if applicable, and other municipal charges, including but not limited to those rights granted by the Tax Lien Law and/or the In Rem Foreclosure Act.
The Parties shall use their best efforts to cause any such In Rem Right to be executed as soon as practicable after the Effective Date, and registered with the competent Real Estate Registry within one (1) year of the Effective Date.

More Definitions of In rem

In rem means involving or determining the status of a thing and therefore the rights of persons generally with respect to that thing. – Black’s Law Dictionary, 9th Edn.

In rem endorsement providing that a claim "In Rem" shall be treated as a claim against the Contractor,

In rem endorsement providing that a claim "In Rem" shall be treated as a claim against the Operator.