It's Official! SEC Agrees "Shall" Is Ambiguous

Nearly a decade ago, I commented on the ambiguity that inheres in "shall":

Calcorporatelaw.com And The Library Of Congress

The U.S. Library of Congress is more than just printed books.  Among the millions of books, recordings, photographs, newspapers, maps and manuscripts in its collection, it maintains a legal blawgs web archive.  The Library describes this...

Could There Be A Difference Between "Would" And "Should"?

Recently, I was involved in a discussion of legal opinions regarding issues of significant legal uncertainty.  The 2005 Report of the erstwhile Corporations Committee of the equally erstwhile Business Law Section of the still existing State Bar of...

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