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The size-of-transaction is the value of the non-corporate interest received, not less anything. When analyzing the possibility of the acquisition being exempt under Section 802.4, you can exclude the...
How much of the contract price did X carry on its annual statement of income for the most recent fiscal year? That figure would be dispositive. The fact that some of the work was subcontracted is...
I think your client does control the trust because it appoints the committee that has the right to remove and replace the trustees. The second paragraph is our position.