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Simple English definitions for legal terms

all-holders rule

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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.

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Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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