Boards should be aware of the potential liabilities associated with holders of unsold shares, and consider implementing proactive measures to ensure compliance with safety and insurance regulations. (Print: APPLY PRESSURE AND TAKE PROACTIVE STEPS)
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“Unsold Shares” returned 2 articles
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Unsold Shares Pose Liability for Co-Op Boards
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Your Sponsor May Have Fewer Rights Than You Think
The proprietary lease will help boards deal with a stubborn sponsor.
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