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LSDefine

Simple English definitions for legal terms

Williams Act

Read a random definition: non sum informatus

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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starfishies
15:17
so be weary law school forum goers
ronniedoeslaw
15:23
Reading is a form of meditation
15:24
omg im training a new girl tmw to take over my position and she twenny year old
15:25
when i was twenty i was drunk every night!! im nervous who else
NosyBeagle
15:31
real. I am mostly sober now. what a world
15:32
awe congrats i wish i could be sober maybe after law school
@bigfatsloth: Where are you going to attend?
15:44
wake forest unless notre dame accept me last second and offer a kabillion dollars
15:57
Whelp, my second full practice test is through
im mostly sober too
16:06
im ready to cook senior year and then hopefully move to Malibu :)
16:09
slay
16:11
yo yall bouttta miss the washu zoom
NosyBeagle
16:35
im not applying there. yall have fun
Mostlylegal
16:40
dude we getting litty in the washu zoom
Mostlylegal
16:40
thats where all the baddies hangout
Mostlylegal
16:40
just did coke off this one girls tits at the washu zoom, i cant believe people didnt sign up for this shit LMAO
did you hook up with the girl at your gulc interview
Mostlylegal
16:43
bruh I dont do hookups
Mostlylegal
16:43
but thanks for remembering
oh but coke is okay
Mostlylegal
16:56
it is not what goes into the mouth that defiles the man but what comes out of it.
Mostlylegal
16:56
can I get an amen?
NosyBeagle
17:01
AMEN
18:22
yall r some interesting folks in here
18:23
we gonna run some tests on u lot
18:37
ALRIGHT MAN
@slimelaw: who is "we?" Weirdo
20:11
@Mostlylegal: top > else
slimelaw
20:26
@PremiumFrequentCrane: me and you
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