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 20
... bill . The CHAIRMAN . We will be very glad to have you do so , Mr. Douglas . I might say for the benefit of the committee that I believe a state- ment by Mr. Douglas will be perhaps the primary statement in exposition of this bill . So ...
... bill . The CHAIRMAN . We will be very glad to have you do so , Mr. Douglas . I might say for the benefit of the committee that I believe a state- ment by Mr. Douglas will be perhaps the primary statement in exposition of this bill . So ...
Page 21
... bill deals . HELPLESSNESS OF INVESTORS In these reorganizations the individual investor has come to play an anomalous and insignificant role . In every case it is his investment which is at stake , yet the processes of reorganization ...
... bill deals . HELPLESSNESS OF INVESTORS In these reorganizations the individual investor has come to play an anomalous and insignificant role . In every case it is his investment which is at stake , yet the processes of reorganization ...
Page 22
... bill is independent of the others . The two phases of the Lea bill which should be noted involve ( 1 ) protective committees ; and ( 2 ) a limited participation by an ad- ministrative agency - the Securities and Exchange Commissiom- in ...
... bill is independent of the others . The two phases of the Lea bill which should be noted involve ( 1 ) protective committees ; and ( 2 ) a limited participation by an ad- ministrative agency - the Securities and Exchange Commissiom- in ...
Page 34
... Bill , in general terms , control over protective committees . And , that is embraced in the first 12 sections of the Lea bill . Mr. WOLVERTON . Mr. Chairman- The CHAIRMAN . Mr. Wolverton . Mr. WOLVERTON . Would it be proper to ask you ...
... Bill , in general terms , control over protective committees . And , that is embraced in the first 12 sections of the Lea bill . Mr. WOLVERTON . Mr. Chairman- The CHAIRMAN . Mr. Wolverton . Mr. WOLVERTON . Would it be proper to ask you ...
Page 36
... bill that fixes the limits within the bill is to apply ? You have used 12 as an illustration . What is the limitation fixed by the bill ? Commissioner DOUGLAS . At the present time , I believe that 12 is the provision in the bill . That ...
... bill that fixes the limits within the bill is to apply ? You have used 12 as an illustration . What is the limitation fixed by the bill ? Commissioner DOUGLAS . At the present time , I believe that 12 is the provision in the bill . That ...
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.