Model Closing Opinion Letter (Annotated) - American Bar Association

2 Model Closing Opinion Letter (Annotated)
Corporate law matters: Op.1A, 1B, 1C, 2, and 3, pp.63–68; Op.4,
Note 3(i), p.75
Authorization, execution and delivery: Op.3, p.68
Corporate power: Op.2, p.67
Duly incorporated: Op.1, Note (a)(1), p.63; Paragraph (B)(1),
footnote 27, p.94
Duly organized: Op.1, Note (a)(2), p.64
Existence as a corporation: Op.1, Note (a)(3), p.64
Good standing: Op.1, Note (a)(4), p.65
Guarantee obligations of parent: Op.2, Note (c), p.68
Incorporation, existence and good standing: Op.1A and 1B, p.63
Incorporators, “of full age”: Op.1, Note (a)(1), footnote 8, p.64
Law of jurisdiction of organization: Op.4, Note 3(i), pp.75–76;
Paragraph (C), Note (c), p.98; Paragraph (D)(2),
Note 2, p.100
Qualification in foreign states: Op. 1C, p.66
Regularity and continuity, presumption: Paragraph (E)(8), p.108;
Op.1, Note (a)(1), p.63
Shareholder agreements: Op.4, Note 3(i), footnote 16, p.75
Court orders, No Violation Opinion: Op.6, p.83
Applicable law, enforced as written: Op.6, Note (d), p.85; Paragraph
(B)(4), Note, Item 7, p.97
Documents examined: Section (A), p.90
Assumptions, Paragraph (B)(4), Note, item 4, p.97; optional
Paragraph (E)(6), p.107
Equitable principles limitation: Note, p.81
Execution and delivery: Op.3, p.68
Factual underpinning of Opinions, see Reliance, below in this Index
Federal laws, coverage: Paragraph (C), & Note (b), p.97; Op.4,
Note 3(h), p.75; Op.7, Note (f), p.87. See also Antitrust laws,
Investment Company Opinion, Margin Regulation Opinion, and
Securities laws in this Index
Financial covenants: see Other agreements, below in this Index
Fine, penalty or other sanction (No Violation of Law Opinion): Op.7,
Note (a), p.85
Fraudulent transfer opinions: Op.4, The Bankruptcy and Insolvency
Exception, p.80; Paragraph (F), p.103
Future discretionary action: Op.6, Note (e), p.85; Op.7,
Note (a), pp.85–86
Golden Rule: Introductory Note, p.59
Good standing: Op.1, Note (a)(4), p.65
Governmental Approvals and Filings Opinion: Op.5, p.83
Implications from opinion; assumptions and qualifications; updating:
Paragraph (H), p.104
Incorporation, existence and good standing: Op.1A and 1B, p.63
Inside counsel: Op.10, Note (f), p.90
110