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Simple English definitions for legal terms

all-holders rule

Read a random definition: sine animo revertendi

A quick definition of all-holders rule:

The all-holders rule is a regulation that applies to securities. It has two parts. The first part says that if a company wants to offer shares to some of its shareholders, it must offer them to all of them. The second part says that if someone wants to buy a company, they must offer to buy shares from all of the company's shareholders, not just some of them. This rule helps ensure fairness and equal treatment for all shareholders.

A more thorough explanation:

The all-holders rule is a regulation set by the Securities and Exchange Commission (SEC) that has two main applications:

  1. It prohibits a company from offering shares to only some of the holders of a particular class of shares. In other words, if a company wants to issue new shares, it must offer them to all shareholders of that class, not just a select few.
  2. It requires a tender offeror (a company or individual attempting to acquire a controlling interest in another company) to make their offer to all shareholders of the target company, not just a select few.

For example, let's say Company A has two classes of shares: Class A and Class B. If Company A wants to issue new shares of Class B, it must offer those shares to all current holders of Class B shares, not just a select few. Similarly, if Company B wants to acquire a controlling interest in Company C, it must make its offer to all shareholders of Company C, not just a select few.

The all-holders rule is designed to promote fairness and transparency in the securities market by ensuring that all shareholders have equal access to information and opportunities.

all fours | alliance

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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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