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LSDefine

Simple English definitions for legal terms

control person

Read a random definition: money made

A quick definition of control person:

A control person is someone who has a lot of power over a company that sells stocks. They can make important decisions that affect the company. They have to follow rules when they sell stocks, just like the company does. It doesn't matter how much of the company's stock they own, what matters is how much control they have.

A more thorough explanation:

A control person is someone who has actual control or significant influence over a company that issues securities. This means they have the power to direct corporate policy and make important decisions that affect the company.

For example, a CEO or a member of the board of directors could be considered a control person because they have significant influence over the company's operations and policies.

It's important to note that being a control person is not dependent on owning a specific percentage of the company's stock. Even someone who owns a small percentage of the company's stock could be considered a control person if they have significant influence over the company.

Control persons are subject to many of the same requirements as the company when it comes to selling securities. This is because they have the power to affect the value of the securities through their actions and decisions.

controlling shareholder | control premium

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
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.
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