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The Duty of Directors and Officers Regarding Corporate Opportunities

The corporate opportunity doctrine provides that corporate directors and officers have an obligation not to take personal advantage of opportunities that may be to the advantage of their corporation. The doctrine follows from the duty of loyalty...

Consumer Law

Proper Disposal of Consumer Information

The FACT Act -- Fair and Accurate Credit Transactions Act of 2003 -- amended the Fair Credit Reporting Act to add a requirement for proper disposal of information by...

Interval Investment Funds

Interval funds are a type of closed-end fund that offers to buy shares in the fund back from investors at stated intervals and in stated amounts. However, shareholders are not obligated to sell their shares back to the fund.

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Business & Corporate Entities> Corporations> Shareholders & Other Constituents> Meetings & Voting

Preparations for the Annual Shareholder Meeting

Annual meetings of shareholders of a corporation may be considered an ongoing process in which the planning and execution of each year's meeting evolves from the...

SIPC Protection for Investors

Investors who engage in securities transactions through a brokerage firm that is a member of the Securities Investor Protection Corporation (SIPC) receive protection for cash and securities held by the brokerage firm for the accounts of the...