Directors' and shareholders' duties of care and loyalty, insiders' transactions in shares of the corporation. Derivative suits, kinds of shares, dividends, corporate distributions. The basic course in the study of federal and state laws governing the offering, distribution, and trading of securities. Focus on federal laws and regulations, in particular the Securities Act of 1933, the Securities Exchange Act of 1934, and the enforcement of these laws by the SEC and private parties. Enrollment is limited.
Enrollment is limited.
Basic course on the law governing asset-based financing for business and consumer debtors, including the study of how secured transactions are structured, how priority disputes among creditors over personal property collateral are resolved, and how secured creditors collect from debtors in default. Primary emphasis is on Articles 9 and 2A of the Uniform Commercial Code, as well as several federal statutes affecting credit sales and lending transactions secured by personal property. Maggs Classic view of negotiable instruments as codified by Article III of the Uniform Commercial Code. The dual banking system, work of the Comptroller General and the Federal Reserve Board. Legal problems concerning interest and the checkless society.