North Dakota Brokerage Agreement between Stockbroker and Investment Club
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Description
The vast majority of investment clubs are organized as partnerships or joint ventures rather than as corporations. The proper form and necessary contents of articles of incorporation and partnership agreements depend largely on the requirements of the several state statutes which in many instances designate the appropriate form and contents. Local statutes regulating investment companies should also be consulted, since some statutes expressly include or exclude investment clubs from their coverage. Other statutes, including the Federal Investment Company Act of 1940, are so worded that they could by implication be held to apply to investment clubs.
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