The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 28, Problem 2BS
Summary Introduction
Case summary: Company HC has 30,000 common shares that are outstanding. The shareholders belong to several states. The company planned to split its 30,000 shares as two for one.
To find : The need to register the 30,000 shares after the spilt.
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Students have asked these similar questions
1. Exempt from the registration requirement of the Securities Act of 1933 are offerings of securities
a. made to a small number of knowledgeable investors.
b. issued by for-profit organizations.
c. involving a large dollar amount.
d. only for large organizations that are for-profit.
2. Global Investments is a foreign investor. With respect to the operations of a limited liability company in the United States, Global can
a.not become a member but can participate.
b. become a member and participate.c. not become a member or participate.
d. Become a member but cannot otherwise participate.
3. Quorum requirements include _________
a. number of decision-makers that must be present before business can be conducted.
b. how often decision-makers must meet each year.
c. maximum number of shareholders allowed in for-profit companies.
d. all other answer choices
4. Fiduciary duties of the directors and officers include
a.duty of care
b. duty of loyalty
c.…
Briefly explain the liability of:(a) A director of a private limited liability company.(b) A partner of a partnership.(c) A sole trader.(d) A private limited company.
Proposed company (closed company or company who filed bankruptcy) not aquired and nor merge and give why is it closed.
Chapter 28 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
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