Section Newsletters

Articles From Charles W. Murdock

The formal board vs. the advisory board By Charles W. Murdock Business and Securities Law, May 2001 Many family businesses in recent years have recognized the value of having some sort of deliberative peer body to provide advice and guidance to management. In some companies that body takes the form of a legal board of directors--with a majority of independent outsiders chosen for their business experience and expertise.
Apparent authority­confusion abounds By Charles W. Murdock Business and Securities Law, October 2000 Apparent authority is a doctrine which has generated much confusion in the litigated cases. See Murdock, 7 Illinois Practice--Business Organizations §§2.7­2.9.
Is stock in a close corporation a security?—Illinois courts split—Will they now follow the U.S. Supreme Court in Landreth Timber? By Charles W. Murdock Business and Securities Law, June 1999 The Illinois Securities Act defines a security as follows:

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