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rescissory

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re·scis·so·ry  (r-sz-r, -ss-)
adj.
Of, relating to, or having the power of rescission.

rescissory [rɪˈsɪsərɪ]
adj
having the power to rescind


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In fact, the Supreme Court expressly stated that it was not considering whether courts could refuse to allow a rescissory recovery under Section 10b of the '34 Act when the premium for expected tax benefits represented a large portion of the purchase price.
In particular, a court may determine that fairness requires rescissory damages, defined as what minority shareholders would receive if the freezeout transaction were rescinded.
Damages Most state securities acts provide for rescissory damages when a sale involves fraud, deceit, or a material misrepresentation or omission of fact.
 
 
 
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