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Securities and Exchange Commission Adopts Amendments to Rule 15c2-12

On August 20, 2018 the Securities and Exchange Commission (“SEC”) adopted amendments to 17 CFR 240.15c2-12, commonly referred to as “Rule 15c2-12”, which deals with continuing disclosure obligations.   According to the SEC’s press release, the amendments “focus on material financial obligations that could impact an issuer’s liquidi...

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Business Highlights of the 2017 Tax Cuts and Jobs Act

  BUSINESS HIGHLIGHTS OF THE 2017 TAX CUTS AND JOBS ACT The highly anticipated Tax Cuts and Jobs Act is expected to be signed into law in early 2018.  This Act when signed will be the largest tax reform since 1986 and as a result, can affect many aspects of your business.  Here are some of the most prominent business and real p...

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The Party's Over: Changes to the Philadelphia Realty Transfer Tax Obligations

An ordinance amending the Philadelphia realty transfer tax (RTT) chapter of the Philadelphia Code was enacted on December 8, 2016, and will come into effect on July 1, 2017.  The ordinance makes two primary changes to the city RTT.  (The 1% state RTT is not affected.)  (1)  Goodbye 89/11, hello 74/26.  Under current law, a "real estate compan...

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The New New Jersey Uniform Trust Code:

July 18, 2016 -- As of this week, the New Jersey Uniform Trust Code is in effect.  In honor of it’s “birth day” we wanted to repost our overview originally posted in February 2016.  The New New Jersey Uniform Trust Code: Creating Uniformity for Beneficiaries, Trustees and the Professionals that Advise Them As an estate planning attorney,...

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Obermayer’s Estate Planning Newsletter – Spring 2016 - Pennsylvania’s Revised Power of Attorney Act

Click on the title below to open a copy of Obermayer’s Estate Planning Spring 2016 newsletter featuring “Pennsylvania’s Revised Power of Attorney Act: Major Changes May Not Necessitate Revising Your Power of Attorney.” Estate Planning Spring 2016 newsletter "Pennsylvania’s Revised Power of Attorney Act"        

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The New New Jersey Uniform Trust Code: Creating Uniformity for Beneficiaries, Trustees and the Professionals that Advise Them

The New New Jersey Uniform Trust Code: Creating Uniformity for Beneficiaries, Trustees and the Professionals that Advise Them As an estate planning attorney, it is hard to contain my excitement that a version of the Uniform Trust Code (“NJUTC”) was enacted in New Jersey on January 19, 2016 with an effective date of July 17, 2016. With its pas...

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Smooth Sailing: Streamlining Pennsylvania’s Business Entity Laws
Changes to Pennsylvania’s Business Entity Laws

On July 1, 2015, Act 172 of 2014, the Association Transactions Act (the “Act”), went into effect, overhauling Pennsylvania’s entity laws contained in Title 15, Corporations and Unincorporated Associations. Derived from the Model Entity Transactions Act (“META”), the Act seeks to modernize and streamline the “hub ...

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Spring Cleaning: Out With the Old, In With the New Pennsylvania Withdraws Endorsement 1010 and Introduces Endorsement 1530

Effective April 1, 2015, the Pennsylvania Department of Insurance (DOI) approved the Title Insurance Rating Bureau of Pennsylvania’s (TIRBOP) filing of Pennsylvania Endorsement 1530, along with the withdrawal of Pennsylvania Endorsement 1010. Title endorsements, such as these, provide additions or limitations of coverage attached to title ins...

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UPDATE: THE CONSEQUENCES OF MODIFYING PENNSYLVANIA’S POWERS OF ATTORNEY STATUTE POTENTIAL IMPACTS ON COMMERCIAL LOANS & LEASES

On April 14, 2015, pending legislation was passed by the Pennsylvania House Judiciary Committee to resolve the current state of flux of confession of judgment provisions and the bill was sent to the Pennsylvania House of Representatives for further approval; presently, there is no indication when this issue will be fully resolved.  As previou...

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The Unexpected Consequences of Modifying Pennsylvania’s Powers of Attorney Statute: Potential Impacts on Commercial Loans & Leases

Confession of judgment provisions in commercial documents remain in a state of flux until legislation pending in the Pennsylvania House Judiciary Committee is approved and enacted. Until such time, we will keep readers updated on any movement of the bill and corrections it offers. Recent amendments to Pennsylvania statutes governing powers of atto...

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