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Simple English definitions for legal terms

Williams Act

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A quick definition of Williams Act:

The Williams Act is a law that was made in 1968 to change the Securities Exchange Act of 1934. It says that if someone owns more than 5% of a company's stock, they have to give certain information to the SEC and follow certain rules when they want to buy more stock.

A more thorough explanation:

The Williams Act is a law passed by the United States government in 1968. It changed the Securities Exchange Act of 1934 by making it mandatory for investors who own more than 5% of a company's stock to provide specific information to the Securities and Exchange Commission (SEC). Additionally, these investors must follow certain rules when making a tender offer.

Let's say that an investor owns 6% of a company's stock. Under the Williams Act, this investor must inform the SEC of their ownership and intentions. If the investor wants to make a tender offer to buy more shares of the company, they must follow specific rules and regulations.

Another example could be an investor who owns 10% of a company's stock. They would also be required to provide information to the SEC and follow the rules of the Williams Act if they wanted to make a tender offer.

These examples illustrate how the Williams Act applies to investors who own more than 5% of a company's stock. The law aims to provide transparency and fairness in the stock market by requiring investors to disclose their ownership and intentions, which can help protect other shareholders from unfair practices.

willful wrong | Wills Act

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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