3 ms·
Im guessing since the art would be on the company's balance sheet as an asset, a sale of the company would include the sale/ transfer if its assets, thus breach
by batmenace 7y ago
Im guessing since the art would be on the company's balance sheet as an asset, a sale of the company would include the sale/ transfer if its assets, thus breaching the law saying the birds cannot be sold.
- Pyxl101 7y agoSo does this mean that companies could possess toxic poison pill assets that make it illegal for anyone to buy the company? That seems wrong. Maybe a nice way to prevent a hostile takeover?
- Qwertystop 7y agoOnly if they could somehow gain access to things which are illegal to buy, without buying them. So even if this works, that would mean the only companies that could use that to prevent hostile takeovers are the ones where someone involved in the company happens to already own an unsellable thing by grandfather clause.