simplifies the process of providing unvested profits interests to the service providers of a partnership or limited liability company. I. Background A. Structure of an Unvested Profits Interest . The grant of a profits interest in a
Some of the more notable amendments are: 1  Webb-Pomerene Export Trade Act of 1918âThis act promoted exports by encouraging cooperative activities. 2  Robinson-Patman Act of 1936âThis act strengthened the Clayton Act and addressed pricing practices of suppliers and wholesalers.
The Federal Aid in Wildlife Restoration Act, commonly known as the Pittman-Robertson Act, was approved by Congress on September 2, 1937, and became effective July 1, 1938. The purpose of this Act was to provide funding for restoration of wild birds and mammals and to acquire, develop and manage their habitats. The Act was amended October 23, 1970, to include funding for hunter training programs and the development, operation and maintenance of public shooting ranges. Funds are derived from an 11 percent federal excise tax on sporting arms, ammunition, and archery equipment, and a 10 percent tax on handguns.