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In order to determine whether a formation of a new corporation is within 801.40 you must examine facts such as time, identity of purchasers, initial plan, capitalization & whether contributions are...

I advised the author that so long as the Hospital has advanced funds to other medical groups in the ordinary course of its business, the exemption would apply. I confirmed that hospitals do finance...

11/30/95 - Writer confirmed that president/CEO of LLC would be selected by 4 members of management committee and may well be person outside of A&B. However, such person, although on the management...

11/29/95 - Advised writer that acquisition price is sum of $12.1MM, $.7MM, and $2MM plus a good faith estimate on part of buyer as to what amounts of as needed inventory it will purchase from seller...

11/28/95 - Advised writer that two acquisitions appear to be separate transactions, assuming no 801.90 issues. Also advised that advice given is that of the PMN Office only, and is not binding on the...

11/27/95 - Writer confirmed that the six non-profits forming the 501(c)(3) non-profit will remain in business. I confirmed that 802.40 does not apply since no voting stock is being taken by the...

11/22/95 - Advised writer that distribution of his stock by B to Bs present shareholder is exempt under our present reading of 802.10. (Distributing to controlling shareholder also exempt under 802.30...

11/21/95 - Advised writer that formation of LLC is non-reportable. The outside persons appointed to the Advisory Board will not be functioning as members of a corporate board function. Although...