Arenson & Maas PLC. - Untitled 23

Premerger Notification Under Section 7A of the Clayton Act

Federal antitrust laws generally prohibit agreements that unreasonably restrain trade. However, Section 6 of the Clayton Act, 15 U.S.C.S. § 17, provides that nonprofit labor, agricultural, and horticultural organizations may operate without...

Insider Trading

The purchase or sale of securities of a company on the basis of inside or non-public material information about the company is considered illegal when the transaction is in breach of a fiduciary duty or a relationship of trust...

An Introduction to Corporations

Various structures are available for a business. A business may be set up, owned, and run as a sole proprietorship, a partnership (limited or general), or a corporation (regular, Subchapter S, or limited liability).

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Corporate Loans to Directors and Officers

At common law, a corporation's surplus funds lawfully could be loaned to directors and officers of the corporation unless the loan fundamentally was unfair to the shareholders, concealed from the shareholders, or fraudulent. The circumstances...

Duty of Care

A corporate director has the duty to act in good faith in pursuit of the company's best interests and to use the care that an ordinarily prudent person in a like position would use under similar circumstances. The Model...