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BLOG / 08.14.23 /Kenneth R. Jacobs
Habitat Magazine: The Alteration Pass-Along
Building a Better System “Basically, you have to treat alteration and assumption agreements like corporate documents and make sure they’re retained for safekeeping,” says Ken Jacobs, a partner at the law firm Smith, Buss & Jacobs. “And when there is a sale, the board has to make sure that management checks the agreements for that unit, and for management to inform the transfer agent. The right hand has to know what the left hand is doing.”
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