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.
North Dakota Limitation on Disposition of Securities Memorandum
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An action for breach of any contract for sale must be commenced within four years after the claim for relief has accrued. By the original agreement the parties may reduce the period of limitation to not less than one year but may not extend it.
Construction Defect Law and the 'Right to Cure' Statute of LimitationsNorth Dakota6 years for contracts and tortsOhio8 years for contracts2 years for tortsOklahoma5 years for contracts2 years for tortsOregon6 years for contracts and property damage2 years for personal injury47 more rows
To refer to a Subsection, the number of the Subsection follows the Section number in parentheses. For example, N.D.C.C. § 27-20-34(1). This refers to the text of the law in North Dakota Century Code Title 27, Chapter 20, Section 34, Subsection 1.
Statute of limitations in North Dakota You generally have six years from the date of the injury to file a personal injury case in civil court. For wrongful death cases, the family or representative of a deceased person whose death was the result of alleged negligence has only two years to bring a wrongful death.
Time limits for filing civil lawsuits in North Dakota range from two to 10 years, with a six-year statute of limitations for most civil actions. Personal injury and injury to personal property lawsuits each have a six-year limit, while actions for defamation and professional malpractice have a two-year limit.
Breach of a written contract: Four years from the date the contract was broken. Breach of an oral contract: Two years from the date the contract was broken. Property damage: Three years from the date the damage occurred.
Civil and Criminal Penalties People who criminally violate the Investment Advisers Act of 1940 are subject to a $10,000 fine and/or five years in prison. The statute of limitations for an administrator taking action is five years.
32-03-01. Damages for any injury. Every person who suffers detriment from the unlawful act or omission of another may recover from the person in fault a compensation therefor in money, which is called damages.