lex loci actus

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The law of the place where a legal act takes place. In private international law, this law governs such questions as whether or not property in a bill of exchange or promissory note passes to the transferee and the formal validity of an assignment of an intangible movable (e.g. a share in a trust fund). See also lex loci celebrationis; lex loci contractus.

Subjects: Law.

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