Such transactions include an important liquidation right
Thus, if exercised, the liquidation right
would reduce the capital and profit/loss sharing ratios as well as the capital account of the donee.
UNDER 2704(A), THE LAPSE OF a voting or liquidation right
in a family owned corporation results in a transfer by gift or inclusion in the gross estate.
Another important aspect of Chapter 14, Section 2704, deals with a lapse of any voting or liquidation right
MSSAC has sent a notice explaining terms of the election and liquidation right
to existing holders of the Units, and filed a copy of such notice with the Securities and Exchange Commission.
If there is a lapse of any voting or liquidation right
in a corporation or partnership and the individual holding such right immediately before the lapse (and members of his family) hold control of the entity both before and after the lapse, the lapse is treated as a transfer (1) by gift or (2) includible in the decedent's estate (whichever is applicable).
00 per share liquidation right
, a 20 cents per share annual dividend rate and are convertible into 402 shares of Class B common stock per share of Series A preferred stock.
No partner had a liquidation right
, but each could sell his or her own interest, subject to a right of first refusal held by the other partners.
The new Series D convertible preferred stock ranks senior to all existing preferred and common stock of the Company with respect to dividend rights, redemption rights and liquidation rights
These early members will enjoy special privileges and benefits, including liquidation rights
should the Club cease operations in a few years.
The University Hospital of Cologne intends invoicing for the services from the inpatient and outpatient treatment from private doctors who have assigned the liquidation rights
of the university hospital to be awarded to an external accounting firm.
Other issues to be heard by the division, regardless of the amount in controversy, include: Internal affairs or governance, dissolution or liquidation rights
, obligations between or among owners (shareholders, partners, members), or liability or indemnity of managers (officers, directors, managers, trustees, or members or partners functioning as managers) of corporations, partnerships, limited partnerships, limited liability companies or partnerships; trade secrets and non-compete agreements; intellectual property; securities or state securities laws; antitrust statutes; shareholder derivative actions and related class actions; and corporate trust affairs or director and officer liability.