by Gary Nissenbaum | Jul 18, 2012 | Business Formation & Sales Law Blog
In Martin Heller v. Lauren Gardner Trust, No. A-0914-11T2 (N.J. Super. Ct. App. Div. June 27, 2012), the court considered the enforceability of a “put offering notice, by which one or more members could require the other members to buyout their shares.” The...
by Gary Nissenbaum | Jul 18, 2012 | Business Formation & Sales Law Blog
In Martin Heller v. Lauren Gardner Trust, No. A-0914-11T2 (N.J. Super. Ct. App. Div. June 27, 2012), the court considered the enforceability of a “put offering notice, by which one or more members could require the other members to buyout their shares.” The...
by Gary Nissenbaum | Jul 10, 2012 | Business Formation & Sales Law Blog
New York has a statute that anyone starting a nonprofit should read. It is located at NY. NPC. Law Section 405. The statute states, among other things, that a certificate of incorporation must be filed with the New York Department of State. Thereafter, the...
by Gary Nissenbaum | Jul 10, 2012 | Business Formation & Sales Law Blog
In The Provident Bank v. Charles Bonnici, No. A-1586-11T1 (N.J. Super. Ct. App. Div. 2012), the Appellate Division of the Superior Court of New Jersey considered the issue of what is a reasonable manner to sell collateral to satisfy a debt.In that case, the debtor had...
by Gary Nissenbaum | Jun 29, 2012 | Business Formation & Sales Law Blog
Do corporations with business operations in New Jersey that were incorporated in other states have the right to avail themselves of the protections of the New Jersey Oppressed Shareholder Statute, N.J.S.A. 14A:12-7(1) (c) (“Shareholder Oppression Law”)?The Shareholder...
by Gary Nissenbaum | Jun 11, 2012 | Business Formation & Sales Law Blog
Courts have traditionally interpreted a wide-ranging jurisdiction for the New York Franchise Sales Act (“NYSFA”). New York-based franchisors that offer and sell franchises anywhere in the world from their New York offices are required to comply with the statute’s...
