|securities regulations||<– Date –> <– Thread –>|
|From: Louise Antony (lantonyemail.unc.edu)|
|Date: Thu, 1 Dec 94 15:40 CST|
I'm a member of the Eno Commons Cohousing Group in Durham, NC - we've run itno a problem and would like to know if anyone has any relevant info or experience. Our project manager, Sheri Rosenthal, has been advised by a lawyer that if we incorporate and then offer memberships to the public, that we will be, in effect, trading in securities, and would be subject to regulation. What this could mean over the long run is that if someone who joined later became disaffected, he or she might have grounds for a very costly and ugly lawsuit. Any insight would be appreciated. Louise Antony ============================================================================== Louise M. Antony "Extremism in the pursuit of Dept. of Philosophy liberty is no vice. And...moderation UNC/Chapel Hill in the pursuit of justice is no virtue." C.B. # 3125, Caldwell Hall Chapel Hill, NC 27599-3125 - Barry Goldwater, Acceptance (919) 962 - 3318 Speech, 1964 Pres. Nom.
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