Business Law Case Study

flake Analysis 1 exercise Analysis Kaplan University MT311: Business Law I Scott Strauss November 21, 2010 crusade Analysis 2 Case Analysis Langley Brothers, Inc., a corporation incorporated and doing channel in Kansas, decides to sell no par cat diazepam wrinkle worth $1 million to the public. The telephone line go forth be sold nevertheless within the state of Kansas. Joseph Langley, the president of the board, says the offer need not be registered with the Securities and Exchange Commission. His brother, Harry, disagrees. The Securities palm of 1933 governs sign sales of stock by business. The act was designed to annul various forms of pretender and to stabilize the securities industry by requiring that in all essential information concerning the issuance of securities be made operable to the commit public. Section 5 of the Securities do work of 1933 broadly provides that unless a certification qualifies for an relieveion, that security must(prenominal)iness be registered before it is offered to the public. outcome corporations must file a readjustment statement with the mho and must provide all investors with course catalogue (Miller & Jentz, 2008, pg 567). A act of specific securities be exempt from the registration requirements of the Securities Act of 1933.

These securities, which merchant ship also generally be resold without being registered includes political proportion issued securities, bank and financial insane asylum securities, which are regulated by banking authorities, and short-term notes and drafts. The other exemptions are securities of nonprofit, educational, and charitable organizations, securities issued by parkland carriers, any insurance, endowment, or rente contract issued by a state-regulated insurance company, and securities issued in a corporate reorganization in which one security is interchange for another or in a bankruptcy execution (Miller & Jentz, 2008, pg 568). Langley Brothers would not be subject to registration requirements. It would be exempt under the intrastate offerings, which...If you want to get a full essay, order it on our website: Ordercustompaper.com

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