(DOWNLOAD) "Otis & Co. v. Securities & Exchange Commission Et Al." by Supreme Court of the United States " Book PDF Kindle ePub Free
eBook details
- Title: Otis & Co. v. Securities & Exchange Commission Et Al.
- Author : Supreme Court of the United States
- Release Date : January 29, 1945
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 85 KB
Description
An important although narrow legal point in the interpretation of the Public Utility Holding Company Act of 1935 is involved in this case. This is whether a plan under ? 11 (e) of that act may be "fair and equitable" to preferred stockholders within the meaning of those words as used in that section, which allows a participation by junior common stockholders in the distribution of the assets of a registered holding company, which is liquidated in compliance with ? 11 (b) (2), before the senior preferred stockholders receive securities whose present value equals the preferreds full liquidation preferences.