Public disclosure laws refer to companies and organizations that are privately owned and, therefore, do not have to disclose financial and operating details in most cases. These laws are important because they allow companies and organizations to decide what information, if any, should become public knowledge.Know More
Companies and organizations that are publicly owned, however, are forced to share specific information about their operating results, management compensation and financial conditions. These laws are applicable to all publicly shared companies regardless of whether they are small or large businesses. These laws were created to ensure that stockholders know what is going on with the companies that they have invested in. Some companies choose to remain private so that they can avoid these laws.
Another law that is similar to the public disclosure laws is the Sarbanes-Oxley Act. This Act was created when Enron filed for bankruptcy in 2001. It was the largest bankruptcy filing in history at that point and cost Enron's investors billions. Not only did the bankruptcy hurt investors, but employees lost their life savings as well as their jobs. It could have been prevented if there were regular audits that had showed the financial decline of the company. The data was hidden due to corrupt practices by Enron management. The Sarbanes-Oxley Act addresses these corrupt business practices and makes them virtually impossible, in order to protect both investors and employees.Learn more about Law
In most cases, an irrevocable power-of-attorney cannot be revoked. However, in limited circumstances, it is possible. If it is proven that the agent is not working in the best interest of the individual who granted the power, the agreement is voided, though court action is required. Certain states also consider the intent of the power-of-attorney, as well as the participants' actions and interactions to determine if "irrevocable" is appropriate.Full Answer >
Though it may also be referred to as a charter or code, in most cases a constitution is the written plan of government for a given country. Within a nation's constitution are the fundamental principles and laws designed to govern the people, as well as the methodology and government structure by which the constitution is to be enforced, interpreted and changed.Full Answer >
The laws concerning abandoned vehicles vary somewhat by state, but in most cases, the owner of the private property needs to get in touch with law enforcement to remove an abandoned vehicle. If the private property owner contacts a towing company, the towing company must then contact law enforcement. Another option is for the property owner to obtain the title of the abandoned vehicle and then decide what to do with it.Full Answer >
Laws vary based on the state and the purpose of the signature, but, in most cases, notaries public can witness any signatures except their own. When a notary public is not available, witnesses generally must be at least 18 years of age and of competent mind.Full Answer >