Does the void sale or issuance of shares in violation of the terms of the permit under which they were issued invalidate the sale of other shares of the same issue?
California, United States of America
The following excerpt is from N. C. Roberts Co. v. Topaz Transformer Products, Inc., 239 Cal.App.2d 801, 49 Cal.Rptr. 209 (Cal. App. 1966):
The void sale or issuance of certain shares made in violation of the terms of the permit under which they were issued does not invalidate the sale of other shares of the same issue made in compliance with the requirements of the permit (Kent v. Kent, supra, 6 Cal.App.2d 488, 492-493, 44 P.2d 445), 3 even when the shares issued in violation of the permit were issued as
Page 220
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
Does the definition of "federally permitted release" under CERCLA apply to a permit issued pursuant to any federal environmental law or other government authorization? (California, United States of America)
How have the courts treated the issue of obtaining a permit to operate without a permit? (California, United States of America)
How have courts dealt with the issue of search and seizure of weapons in cases involving minor traffic violations and a minor traffic violation? (California, United States of America)
Can a search warrant be used to search a vehicle in violation of the terms of a conditional discharge order issued by a parole officer? (California, United States of America)
Does the California Coastal Commission have a duty to issue a permit to build on a parcel of land in violation of the Coastal Act? (California, United States of America)
How does the Court treat a claim by a defendant that an issue raised and decided in the trial court resulted in constitutional violations? (California, United States of America)
In a criminal case charging defendants with holding other persons in slavery or involuntary servitude in violation of federal law, what is the state of the law on the issue? (California, United States of America)
Is a separate determinate term for enhancements under option (iii) a violation of section 654 of the Criminal Code? (California, United States of America)
If a warrantless arrest of appellant violates People v. Ramey, would the invalidation of the search warrant and suppression of evidence? (California, United States of America)
Is a defendant's instruction in a death penalty case inadequate when it refers to the use of the term "warrants", or does the term need to be changed? (California, United States of America)
