In contrast, when a closed-end investment company creates a fund, it issues only a limited number of shares, and those shares trade on the secondary market as shares of stock do. If you purchase fund shares directly from the open-end investment company, you pay the current net asset value (NAV) per share.
What is a Class A Felony? Many states, plus the federal criminal code, categorize their felony crimes by degree of seriousness, from the most serious to the least. Some states use a âclassâ designation, such as A, B, C, and so on; others use âlevels,â such as 1, 2, 3 and the like. Class A and level 1 felonies are the most serious, class B and level 2 are less so, and so on.
âArsonâ Defenses & Punishment â California PC 451 & 452. Arson under California Penal Code 451 PC is an inherently dangerous felony caused by your malicious conduct. In fact, arson is so severe that you could be charged with murder in the event someone is killed a result. Due to the severity of the charge, itâs a straight felony that cannot be reduced to a misdemeanor.