topgradehub-essays

This post addresses Amenity’s distribution of stock shares.

This post addresses Amenity’s distribution of stock shares.
Amenity, Inc. was incorporated with 1 million authorized shares, which were issued to Capital General
Corporation (CGC) for $2,000. CGC distributed 90,000 of those shares to about 900 of its clients, business associates, and other contacts to create and maintain goodwill among its clients and contacts. CGC did not receive any monetary or other direct financial consideration from those receiving the stock. Amenity had no actual business function at this time, and its sole asset was the $2,000 CGC had paid for the 1 million shares. Through CGC’s efforts, Amenity was acquired by another company, which paid CGC $25,000 for its efforts.

We Write Essays For Students

Tell us about your assignment and we will find the best writer for your paper

Write My Essay For Me

The Utah Securities Division sought to suspend the public trading of Amenity stock on the grounds that when CGC distributed the shares it had sold them in violation of the Utah Securities Act.

Was CGC’s distribution a sale of securities?

ORDER A SIMILAR ESSAY WRITTEN FROM SCRATCH

Save time and money with our essay writers for hire. If you are in search of a dependable academic support provider that offers more than just typical writing services, you have come to the right place. As a cost-effective essay writing service, we not only assist you in crafting outstanding papers but also provide complimentary features.

PLACE YOUR ORDER
Share your love