Earlier, I wrote this post about the exemption from registration found in Section 3(a)(2) of the Securities Act for "any security issued or guaranteed by any bank". For purposes of this statute, a "bank" generally means "any national bank, or any...
Recent Posts
Nevada's legislature meets only in odd number years and then for only 120 calendar days (2,880 hours). Nev. Const. Art. 4, § 2(2). This year, the legislature enacted SB 405, which makes numerous changes, large and small, to the Nevada's business...
Nevada Secretary of State Announces Task Force
Unincorporated Associations
California Corporations Code Section 25701 is derived from Section 410(g) of the Uniform Securities Act (1956). Section 25701 voids any condition, stipulation or provision purporting to bind any person acquiring any security to waive compliance with...
California's Uniform Limited Partnership Act of 2008, commonly known as Re-RULPA, established a mechanism by which partners can avoid a judicial dissolution of the partnership by purchasing for cash the partnership interest owned by the partners...
In Democracy in America, Alexis de Tocqueville devoted an entire chapter to the propensity of Americans to form associations. In particular, he observed:
In 1968, Congress enacted the Williams Act to regulate tender offers. Two decades later, the California legislature enacted Corporations Code Section 1203 to impose additional requirements on tender offers and other specified transactions by an...
The recently completed proxy season has yielded a virgin crop of shareholder "say-on-pay" votes, as required by Section 951 of the Dodd-Frank Act. Although not required by Congress, the Securities and Exchange Commission amended Item 402(b)(1) of...
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