Browsing by Author "Dawson, William B."
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Item The 1975 Amendments to the Texas Business Corporation Act and the Texas Securities Act(Texas Tech Law Review, 1975) Bateman, Hal M.; Dawson, William B.Discusses the main amendments to the securities act which include exemptions from registration, rule-making authority for the Texas Securities Board, clarifications of sec 334 of the Act, and a remedy to receivership in certain cases brought by the attorney general. The author believes the 1975 amendments appear to have resolved a number of problems in this area of the law. However, the author foresees future problems that might arise once the amendments are put into practice.Item The Close Corporation and The New Texas Business Corporation Act(Texas Tech Law Review, 1974) Dawson, William B.Looks at recent amendments to the Texas Business Corporation Act (TBCA) and the impact of those amendments on Texas-based close corporations. The author suggests that these amendments will undoubtedly breed confusion; therefore, the author aims to highlight both the applicable provisions which will be useful and the problems which should be avoided in applying the new and amended provisions of the TBCA. Aims to reconcile the impending confusion by providing detailed information for practicing attorneys concerning the use of the TBCA to fulfill the varying needs of contemporary close corporations.Item A Promissory Note Evidencing Commercial Indebtedness Is Not a Security Nor Is Its Issuance a Purchase or Sale Within the Meaning of the Securities Exchange Act of 1934(Texas Tech Law Review, 1973) Dawson, William B.The United States District Court for the Northern District of Texas in the case McClure v. First National Bank held that a promissory note securing an ordinary commercial loan was not a security within the meaning of the Securities Exchange Act of 1934, resulting in a dismissal of the claim. The author examines the McClure court’s decision and concludes that a note has been judicially determined to be as security when its maturity is over nine months, and the issuance of a promissory note has been rules a purchase or sale. As a result, the Fifth Circuit Court of Appeals should reverse the holding of McClure and hold that the issuance of a promissory note evidencing commercial indebtedness and having a maturity of over nine months is a transaction “in connection with the purchase or sale of a security” within the meaning of the securities Exchange Act of 1934.Item Survey Bankruptcy(Texas Tech Law Review, 1975) Dawson, William B.Discusses how a depressed economy rears a necessity for the fair administration of the bankruptcy laws. The author believes that the Fifth Circuit during the compendium period are illustrative of the judiciary’s application of law in light of its overriding purpose; to give relief to creditors and their debtors who are either unwilling or unable to pay their debts. Looks specifically at topics like, discharge, proof and allowance of claims, voidable transfers, and the liquidation sale.