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.
A Class B felony in New York is one step below murder, meaning that homicide, armed robbery, rape, drug trafficking, or a violent assault could all qualify for a Class B felony in New York. Our firm probably handles more of these and the Class C felony New York than other types of crimes. Class A felony (New York) is the highest degree of felony and is reserved for crimes such as murder or treason. In many states a Class A felony would involve use of capital punishment.