The purpose of this memorandum is to review certain reporting and disclosure requirements, and certain restrictions that may limit the disposition of securities of the company held by its officers, directors and principal shareholders, which are imposed by the Securities Act of 1933, the Securities and Exchange Act of 1934, and the rules of the Securities and Exchange Commission thereunder. This memorandum is prepared for the management of the company and should be treated as a confidential communication between the company and its counsel.
Indiana Limitation on Disposition of Securities Memorandum
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FAQ
Generally, per Indiana Code 35-41-4-2, prosecution for an offense is forbidden unless it is commenced within five years after the commission of a Level 3, 4, 5, or 6 Felony offense. For misdemeanor offenses, the statute of limitations is two years after the commission of the offense.
Criminal offenses can also have statutes of limitations; however, cases involving serious crimes, like murder, typically have no maximum period under a statute of limitations. In some states, sex offenses involving minors, or violent crimes like kidnapping or arson, have no statute of limitations.
Questions: What does the tolling of the statute of limitations mean? Answer: It allows for an extension for filing a claim in certain circumstances. Indiana provides that an action for injury to person or personal property must be commenced within 2 years after the cause of action accrues.
Certain actions, such as murder or kidnapping, have no statute of limitations. Thus, even if you are suspected of murder thirty years after the fact, you can still be prosecuted. However, the same situation would not apply if you had stolen a piece of candy from a grocery store.
In fact, under Indiana Code § 35-41-4-2, murder and Level 1 and Level 2 felonies have no limitations period, meaning the prosecutor can bring the charges at any point after the commission of the offense.
Generally, per Indiana Code 35-41-4-2, prosecution for an offense is forbidden unless it is commenced within five years after the commission of a Level 3, 4, 5, or 6 Felony offense. For misdemeanor offenses, the statute of limitations is two years after the commission of the offense.
Foreign Entity Registration in Indiana; Failure to Register.
Indiana Code § 23-0.5-3-1. Permitted Names; Falsely Implying Government Agency Status or Connection :: 2022 Indiana Code :: US Codes and Statutes :: US Law :: Justia.