To Amend the Securities Act of 1933: Solicitation of Proxies, Etc., in Reorganizations, Etc. Hearing[s] Before the Committee on Interstate and Foreign Commerce, House of Representatives, Seventy-fifth Congress, First Session, on H.R. 6968, to Amend the Securities Act of 1933, as Amended, by Adding Thereto a New Title, Providing for the Regulation of the Solicitation, in Interstate and Foreign Commerce and Through the Mails, of Proxies, Deposits, and Assents in Connection with Certain Reorganizationss, Voluntary Readjustments and Debt Arrangements; and for Other Purposes. June 8-July 21, 1937U.S. Government Printing Office, 1937 - 562 pages |
From inside the book
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Page 21
... Federal courts to protect investors against the re- organizers . This phase of the program - insofar as reorganizations under section 77 - B of the Bankruptcy Act are concerned is in my judgment adequately covered by the Chandler bill ...
... Federal courts to protect investors against the re- organizers . This phase of the program - insofar as reorganizations under section 77 - B of the Bankruptcy Act are concerned is in my judgment adequately covered by the Chandler bill ...
Page 30
... Federal control and super- vision over such solicitation are both limited and inadequate . At the present time some committees are required to register under the Securities Act of 1933 , as amended , but such registration require- ments ...
... Federal control and super- vision over such solicitation are both limited and inadequate . At the present time some committees are required to register under the Securities Act of 1933 , as amended , but such registration require- ments ...
Page 31
... Federal regulation over the solicitation of proxies , deposits and assents in- dicates the first conclusion to which the Commission was led in its study and investigation of protective and reorganization committees under section 211 of ...
... Federal regulation over the solicitation of proxies , deposits and assents in- dicates the first conclusion to which the Commission was led in its study and investigation of protective and reorganization committees under section 211 of ...
Page 33
... Federal courts . OBJECTIVES OF PROPOSED REGULATION OF COMMITTEES Such administrative control would provide a greater degree of assurance that those who are acting in a fiduciary or representative capacity will be free from adverse ...
... Federal courts . OBJECTIVES OF PROPOSED REGULATION OF COMMITTEES Such administrative control would provide a greater degree of assurance that those who are acting in a fiduciary or representative capacity will be free from adverse ...
Page 39
... Federal courts . The management alone is the arbiter of the fairness of the plan . As a consequence , great inequities have been done to security holders . A management , heavily interested in the common stock , has foisted on the ...
... Federal courts . The management alone is the arbiter of the fairness of the plan . As a consequence , great inequities have been done to security holders . A management , heavily interested in the common stock , has foisted on the ...
Common terms and phrases
agency amended amount appointed approved assents attorneys authorized bank Bankruptcy Act bondholders BULWINKLE Cameron County certificates of deposit CHAIRMAN Chandler bill Chicago Title COLE Commissioner DOUGLAS Conservator counsel court creditor or stockholder debt arrangement debtor corporation declaration default deposit agreements disapproval district dollar effective equity Exchange Commission exemption Federal fees and expenses filed foreclosure houses of issue independent contractor individual debtor investigation investment bankers investors issuer judge jurisdiction Lea bill LOWENTHAL MAPES matter ment mittee mortgage municipal paid payment percent person petition Philadelphia Co plan of reorganization preferred stock PRESCOTT proceeding proposal or plan protective committee provisions proxies or deposits question real-estate reason receiver receivership Reconstruction Finance Corporation represent respect section 77B Securities Act Securities and Exchange security holders solicitation statement subdivision thereof tion Title & Trust trustee underwriter voluntary readjustment WOLVERTON
Popular passages
Page 463 - ... no individual shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter, or thing concerning which he is compelled, after having claimed his privilege against self-incrimination, to testify or produce evidence, documentary or otherwise, except that such individual so testifying shall not be exempt from prosecution and punishment for perjury committed in so testifying.
Page 539 - If any party shall apply to the court for leave to adduce additional evidence, and shall show to the satisfaction of the court that such additional evidence is material and that there were reasonable grounds for failure to adduce such evidence in the...
Page 467 - Commission and to be adduced upon the hearing in such manner and upon such terms and conditions as to the court may seem proper. The...
Page 500 - ... to give evidence touching the matter in question; and any failure to obey such order of the court may be punished by such court as a contempt thereof.
Page 480 - Commission shall be final, subject to review by the Supreme Court of the United States upon certiorari or certification as provided in sections 239 and 240 of the Judicial Code, as amended (USC, title 28, sees. 346 and 347...
Page 467 - A copy of such petition shall be forthwith served upon any member of the Commission, and thereupon the Commission shall certify and file in the court a transcript of the record upon which the order complained of was entered. Upon the filing of such transcript such court shall have exclusive jurisdiction to affirm, modify, and enforce or set aside such order, in whole or in part.
Page 533 - ... the judge shall approve the plan if satisfied that: (1) It complies with the provisions of subsection (b) of this section, is fair and equitable, affords due recognition to the rights of each class of creditors and stockholders...
Page 135 - ... or be held to mean that the Commission has in any way passed upon the merits of, or given approval to, such security. It shall be unlawful to make, or cause to be made, to any prospective purchaser any representation contrary to the foregoing provisions of this section.
Page 373 - Commission for that purpose, and thereupon the Commission shall certify and file in the court a transcript of the record upon which the order complained of was entered. Upon the filing of such transcript such court shall have exclusive jurisdiction to affirm, modify, or set aside such order, in whole or in part.