What is the meaning of the term "sale" in the context of Section 10(b) of the Bankruptcy and Insolvency Act?
MultiRegion, United States of America
The following excerpt is from International Controls Corp. v. Vesco, 490 F.2d 1334 (2nd Cir. 1974):
Cabell v. Markham, 148 F.2d 737, 739 (2d Cir. 1945). Accordingly, although in other contexts the term "sale" might appropriately be construed more narrowly,15 we find a rote emphasis on consideration inconsistent with the broad scope of protection under 10(b) for those who engage in transactions eventuating in the acquisition or disposition of securities.16
"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 Section 542 of the Bankruptcy and Insolvency Act, 542(1) of the Code of Civil Procedure, which prohibits a debtor from entering into bankruptcy, or does the Debtors have to close the transactions in order to get out of bankruptcy? (federal, United States of America)
Does a defendant who files a false bankruptcy petition violate a "judicial order" within the meaning of section 2F1.1(b)(3)(B) of the Criminal Code? (MultiRegion, United States of America)
How have the courts interpreted section 56(2) of the Income Tax Code in the context of Section 56(1) and Section 5(2)? (Canada (Federal), Canada)
What is the meaning of Section 525(b) of the New York State Code of Civil Procedure when discrimination against a plaintiff is discrimination based on an intent to file for bankruptcy? (MultiRegion, United States of America)
Can Section 2(b) of the Criminal Code be used as a substitute for Section 3(b)? (MultiRegion, United States of America)
Does a plaintiff have to amend his complaint under Section 1915(e.2)(2)(B) and Section 1915A(b) of the Civil Rights Act? (MultiRegion, United States of America)
What is the current state of the law on the meaning of Section 16(b) of the US Constitution when it comes to the interpretation of the words "pragmatic" in the context of a transaction? (MultiRegion, United States of America)
What is the meaning of the word "lender" in the context of section 3505(b) of the US Civil Code of Civil Procedure? (MultiRegion, United States of America)
Does section 212(c) of the Immigration and Customs Act, section 1182(c), section 212 of the Civil Code, apply in the context of deportation proceedings? (MultiRegion, United States of America)
Is it necessary or necessary that the precise wording of subsection 60.1(3) of the Criminal Code is referred to in the context of the meaning of the wording of section 60. 1(3)? (Canada (Federal), Canada)
