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- Title
THE AGGRIEVED BUYER OR SELLER OR HOLDER OF SHARES IN A CLOSE CORPORATION UNDER THE S. E. C. STATUTES.
- Authors
LATTY, ELVIN R.
- Abstract
In this article the author talks about the aggrieved buyer or seller or holder of shares in a close corporation under the U.S. Securities & Exchange Commission (SEC) statutes. He informs that a plaintiff who deems himself aggrieved by a sale of shares in a close corporation would be better off suing under state law or under this federal legislation depends on the law of the state in question. The wronged buyer is advised to take his chances with state law unless by that law his prospects are on the dark side. The aggrieved holder who is neither himself the buyer nor seller nor suing on behalf of the buyer or seller should better stick to state law.
- Subjects
UNITED States; STOCK transfer; DEALERS (Retail trade); UNITED States. Securities &; Exchange Commission; SMALL business; CLOSE corporations; CORPORATION law; TRANSFER (Law); AMERICAN business enterprises
- Publication
Law & Contemporary Problems, 1953, Vol 18, Issue 4, p505
- ISSN
0023-9186
- Publication type
Article
- DOI
10.2307/1190460